Retirement Savings Plan to Transition to Fidelity Investments

Bon Secours has selected Fidelity Investments to become the new service provider for the Bon Secours Retirement Savings Plans, effective July 2014. Fidelity will manage the retirement plan for 403(b) and 401(k) defined contribution plans, which most Bon Secours employees are eligible to use to save for retirement.

The selection of Fidelity follows an intensive year-long review and comparison of the retirement plans and services offered by other service providers, including our current partner, VALIC.  A letter announcing this change has been sent to employees with account balances in a Bon Secours Retirement Savings Plan.  Only those Bon Secours retirement plan accounts held at VALIC are affected by this change.

In early May, a packet, containing more comprehensive information about this transition, will be mailed to employees’ homes. The packet will include a calendar of events and details of what employees will need to do before and after the transition.  You may also submit questions via e-mail to BSHSI_RetirementBenefits@bshsi.org.

No action is required by employees at this time. Until this transition takes place, please continue to access your plan accounts or obtain information as you do today via the VALIC Client Care Center at (877-375-2422), www.valic.com, or by contacting your local VALIC financial advisor.