New retirement processes and services beginning April 1

Alaska, Burbank, Centralia, Home and Community Care, Hood River, Kadlec, Kodiak, Los Angeles, Medford, Medical Foundations, Milwaukie, Mission Hills, Montana, Newberg, NW Washington, Olympia, Oregon, Oregon Core Leader, PAMC, PHC, PMG, POP, Portland, Providence, Renton, Santa Monica, Seaside, Seward, South Bay, St. Vincent, SW Washington, Swedish, Tarzana, Walla Walla, Willamette Falls

After a recent review of our retirement plans’ fees and services, Fidelity will be implementing three new processes and services for Providence and partner organization plans beginning April 1. These changes include a flat fee for administrative services, share class transitions for several plan funds, and a new, optional, investment management service for a fee – Fidelity® Portfolio Advisory Service at Work.

Questions? Contact Fidelity at 800-343-0860.

Read the FAQ

Read the brochure

Unrelated to these changes, PIMCO recently announced a global share class changed scheduled for Friday, March 23, 2018. PIMCO will be removing fund (PPTDX) – PIMCO Total Return Fund Class D – (OYM2) as of March 23, 2018, and mapping investors to (PTTAX) – PIMCO Total Return Fund Class A – (OLLN). Because this change was announced after the brochure’s publication, the mapping table on page 5 lists the class D fund rather than class A. As a result, money currently invested in the PIMCO Total Return Fund Institutional Class A instead.