[Insert Date]
<Copy onto company letter head>
<Insert date>
Dear Participant:
This letter is to inform you of changes in the designated investment alternatives (“Funds”) that will be offered under our qualified retirement plan’s investment line-up. These changes are scheduled to take place in October and conclude in November, 2017, subject to regulatory and other approvals. This notice is being provided to you in satisfaction of our regulatory requirement to notify you of these changes. A complete listing of these changes can be found in the chart at the end of this letter.
How to obtain additional information
You may also obtain information about the changes through the following means:
· More information about the Funds referenced below can be found on the Fundsheets, available on our participant website. There you will find additional important information about the Fund, such as its objectives or goals, updated performance data, and fee and expense information.
· A full listing of the existing Funds, including applicable investment-related information, such as expenses, performance and redemption fees, is available on the Investment Comparative Chart that was previously provided to you. This chart is also available on the Investment Options page of John Hancock’s Participant website at www.jhnypensions.com.
· John Hancock’s interactive voice response telephone system at 1-800-395-1113
Next steps
If you would like your current investment in any of the affected Funds to be invested in the new Fund shown in the chart, no action is required on your part. You may also elect to transfer your assets between Funds including any of the affected Funds at any time, using the regular transfer procedures. If you have any questions or concerns about the changes to the plan’s investment line-up, please feel free to contact me at
xxx-xxx-xxxx.
Sincerely,
[Name and contact information]
Fall 2017 Fund Changes
The proposed Fund mergers will be effective October 23, 2017, all other changes will be effective on November 6, 2017. Please note, your plan may not be impacted by all of the Fund changes noted below and or, some Funds may not have been available to be added to your contract. Please ensure that you review the specific impacts to your plan directly, prior to preparing any Fund change communication for your participants.
MERGERSCurrent Fund / New Fund / Impact To Expense Ratio
(as of 06/30/17) / Effective Date of Change
Value Fund / Mid Cap Index Fund
[insert Fund URL] / Decrease of 0.29% / October 23, 2017
Vanguard Long-Term Corporate Bond Index Fund / Vanguard Long-Term Government Bond Index Fund
[insert Fund URL]
/ No Change / October 23, 2017
SHARE CLASS CHANGES
Current Fund / Current Share Class / New Share Class / Impact To Expense Ratio
(as of 06/30/17) / Effective Date of Change
American Funds 2060 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2055 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2050 Target Date Retirement Fund / R5 / R6 / Decrease of 0.01% / November 6, 2017
American Funds 2045 Target Date Retirement Fund / R5 / R6 / Decrease of 0.01% / November 6, 2017
American Funds 2040 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2035 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2030 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2025 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2020 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2015 Target Date Retirement Fund / R5 / R6 / No Change / November 6, 2017
American Funds 2010 Target Date Retirement Fund / R5 / R6 / Decrease of 0.01% / November 6, 2017
American Funds AMCAP Fund / R4 / R6 / Decrease of 0.01% / November 6, 2017
Columbia Contrarian Core Fund / R5 / R4 / Decrease of 0.06% / November 6, 2017
Columbia Dividend Income Fund / R5 / R4 / Decrease of 0.02% / November 6, 2017
Deutsche Global Infrastructure Fund / S / A / Decrease of 0.04 % / November 6, 2017
New World Fund / R5 / R6 / Decrease of 0.01 % / November 6, 2017
SMALLCAP World Fund / R5 / R6 / Decrease of 0.01 % / November 6, 2017
T. Rowe Price QM US Small-Cap Growth Equity Fund / I / Advisor / Decrease of 0.02 % / November 6, 2017
Wells Fargo Core Bond Fund / R6 / Institutional / Decrease of 0.05 % / November 6, 2017
Wells Fargo Special Mid Cap Value Fund / Institutional / A / Decrease of 0.07 % / November 6, 2017
ASSET CLASS CHANGES
Fund Name / Current Asset Class / New Asset Class / Impact To Expense Ratio
(as of 06/30/17) / Effective Date of Change
John Hancock Disciplined Value International Fund / International/Global Value / International/Global Blend / No Change / November 6, 2017
Massachusetts Investors Fund / Large Growth / Large Blend / No Change / November 6, 2017
U.S. Growth Fund / Large Blend / Large Growth / No Change / November 6, 2017
FUND NAME CHANGES
Current Name / New Name / Impact To Expense Ratio
(as of 06/30/17) / Effective Date of Change
JH Lifestyle Aggressive - Managed Volatility / JH Managed Volatility Aggressive Portfolio / No Change / November 6, 2017
JH Lifestyle Growth - Managed Volatility / JH Managed Volatility Growth Portfolio / No Change / November 6, 2017
JH Lifestyle Balanced - Managed Volatility / JH Managed Volatility Balanced Portfolio / No Change / November 6, 2017
JH Lifestyle Moderate - Managed Volatility / JH Managed Volatility Moderate Portfolio / No Change / November 6, 2017
JH Lifestyle Conservative - Managed Volatility / JH Managed Volatility Conservative Portfolio / No Change / November 6, 2017
Janus Enterprise Fund / Janus Henderson Enterprise Fund / No Change / November 6, 2017
Janus Global Life Sciences Fund / Janus Henderson Global Life Sciences Fund / No Change / November 6, 2017
RidgeWorth Silvant Large Cap Growth Stock Fund / Virtus Silvant Large Cap Growth Stock Fund / No Change / November 6, 2017
MANAGER NAME CHANGES
Fund Name / Current Manager / New Manager / Impact To Expense Ratio
(as of 06/30/17) / Effective Date of Change
Janus Enterprise Fund / Janus Capital Management LLC / Janus Henderson Investors / No Change / November 6, 2017
Janus Global Life Sciences Fund / Janus Capital Management LLC / Janus Henderson Investors / No Change / November 6, 2017
RidgeWorth Silvant Large Cap Growth Stock Fund / RidgeWorth Capital Management LLC / Virtus Fund Advisers, LLC / No Change / November 6, 2017
Please call 1-800-395-1113 to obtain Fund Sheets for the group annuity investment option sub-accounts and to obtain prospectuses for the sub-accounts' underlying funds, that are available on request. The prospectuses for the sub-accounts’ underlying funds contain complete details on investment objectives, risks, fees, charges and expenses as well as other information about the underlying funds which should be carefully considered before investing.