All People, no matter what generation they belong to, want to work in an environment where they don’t have stress, particularly when it comes to finances. Crescent has made changes to the current 401k plan offerings to help alleviate financial insecurity, keeping you in mind and your retirement needs.
Effective Wednesday, August 12, 2020, a couple underperforming and weak investment funds have been removed, two NEW investment options have been added, and several funds will be moved to a higher share class within the same fund (which will reduce expenses, such as fees and increase returns).
The attached document below will provide details about which funds have been added, eliminated, and/or changed to another share class. All of these changes are being made to increase our diversity of fund offerings and increase your financial return within the Crescent 401k plan.
This change will occur automatically and requires no additional steps to be completed on your end.
Fifth Third will automatically update all current Crescent 401k plans on Wednesday, August 12, 2020.
At that time, all current contributions and existing account balances will be directed or mapped to the new comparable investment option listed on page 2 of the attached document below.
For example:
Suppose you are currently investing 6% into a T. Rowe 2050 Adv -PARLK fund today. The new investment will be the T. Rowe Price Retirement | 2050 |-TRPKX on August 12, 2020.
If you would like to make a contribution change or invest in any new investment options, please contact
Fifth Third Bank
or log i
nto your Fifth Third Bank portal.
We encourage you to speak with a Fifth Third Investor before making significant changes to ensure you are on target for your financial goals.
Crescent, creating financial security and financial wellness for our People.
