The investment options in the GW retirement plans (The George Washington University Retirement Plan for Faculty and Staff and The George Washington University Supplemental Retirement Plan) are regularly monitored by the plans’ Retirement Plan Investment Committee, with the assistance of an outside investment consultant. From time to time, the committee will make changes to the fund options available or the share classes.
As the result of a recent review, the Fidelity Independence Fund – Class K (FDFKX) was removed from the plans’ fund lineup. All assets invested in the fund as of January 18, 2018, were moved to the Fidelity Contrafund – Class K (FCNKX), an existing option in the plans. Any investment elections for the Fidelity Independence Fund that were in effect on January 18, 2018, were redirected to the Fidelity Contrafund beginning January 19, 2018. Participants who had assets invested in the Fidelity Independence Fund and who do not wish to have elections redirected to the Fidelity Contrafund have the ability to change the investment direction.
For more information about these changes, please contact GW Benefits at benefits@gwu.edu or (571) 553-8382, or Fidelity Investments at (800) 343-0860.
