For Employees Hired Before June 30th, 2015

  • If you are satisfied with how your investment options will be mapped to one as similar as possible or the same one, as described later in this guide—no action is required.
  • Many of the Legacy fund options are eligible to be mapped in kind to a Fidelity BrokerageLink® account. To indicate to Fidelity that you would like to have your funds mapped to Brokeragelink, you must open a Fidelity BrokerageLink® account by logging on to Fidelity NetBenefits® at www.netbenefits.com/uk > Quick Links > BrokerageLink®. You may also call Fidelity at 800-343-0860 to request a paper application kit. If you have no concerns with how your legacy investment options will be transferred, then there is no need to open a BrokerageLink account at this time. You may open an account at your convenience, as described later in this guide.

Review the following key dates for additional information:

 

Opening a Fidelity Brokeragelink® Account to Retain any Discontinued Funds

Asset Transfer and Fund Revisions

Asset Transfer and Fund Revisions

BETWEEN FEBRUARY 16, 2021–MARCH 12, 2021 By 4:00 p.m. Eastern Time

As part of the transition, a number of the Legacy investment options currently available to employees hired before to June 30, 2015 will be discontinued and removed from the plans.

You have an opportunity to keep many of your current investment options by electing to transfer them to a Fidelity BrokerageLink® account. To indicate to Fidelity that you would like to transfer your funds to BrokerageLink, you must open a BrokerageLink account prior to 4:00 pm Eastern Time on March 12th, 2021.

Once the account has been opened, you do not need to take any additional action. Fidelity will transfer the funds to the new Brokeragelink account. It may take up to 7 days for the funds to show up in the BrokerageLink account.

*Some of the Legacy investment options are ineligible to transfer to BrokerageLink. These options are noted in the table on the Your new investment line up tab and will be mapped to the new investment options as noted.

In addition, the share class of each fund may change as a result of this transfer as certain share classes are not eligible to be held in a BrokerageLink account. For those impacted funds, the share class conversion will occur on March 22, 2021 at 4:00 p.m. Eastern Time.

For additional information, see the Your new investment lineup tab.

MARCH 30, 2021 at 4:00 p.m. Eastern Time

A number of the Legacy investment options currently offered in the plans will be discontinued.

If you did not elect to retain any of these discontinued funds by opening a Fidelity BrokerageLink® account, your account balances in those funds will be transferred to either new funds that the University of Kentucky believes offer similar investment strategies and risk or to a Fidelity Target Date Fund based on your date of birth.

For additional information, see the Your new investment line up tab.

APRIL 1, 2021 at 8:30 a.m. Eastern Time

Log in to Fidelity NetBenefits® to review your account. If you need to make any changes, you may manage your account online or by calling Fidelity at 800-343-0860.

 

For Employees Hired After July 1, 2015:

On March 31, 2021 at 4:00 pm Eastern Time

  • The share class of several investment options currently available in your plans will change and your investment options might be modified as described later in this guide. No action is required. However, if you would like to make any changes to your investments, contact Fidelity by calling a Fidelity Service Center Representative at 800-343-0860 or logging on to NetBenefits at www.NetBenefits.com/uk.
  • Your assets, contribution rate, beneficiary designation and loans will merge into a corresponding plan currently designated for employees hired before July 1, 2015. Your plan number will change as a result of the merger. The result will be that all employees have access to all the same investments, regardless of hire date.

On April 1, 2021

  • Log in to Fidelity NetBenefits® to review your account. If you need to make any changes, you may manage your account online or by calling Fidelity at 800-343-0860.
  • You will have or continue to have access to Fidelity BrokerageLink®. See the Other transition details tab for additional information on this feature.