401(k) Pension Plan Mailing on Investment Manager Change

During the week of March 14, NRECA is mailing all participants in the 401(k) Pension Plan a notice about a change in investment managers for the plan’s Growth and Income Stock Fund.

Effective April 18, the 401(k) Plan will be replacing Grantham Mayo Van Otterloo, one of the fund’s current designated investment managers, with LSV Asset Management. RE Advisers, a wholly owned subsidiary of NRECA, will continue as the fund’s co-designated investment manager. LSV Asset Management specializes in value equity management for institutional investors around the world. As of December 31, 2015, LSV was managing approximately $84 billion in value equity portfolios like the Growth and Income Stock Fund for some 350 clients.  LSV initially will manage about 7% of the Growth and Income Stock Fund, with the remainder managed by RE Advisers.

There are no significant changes to the Growth and income Stock Fund’s overall investment objectives or principal strategies and risks as a result of this change.

If you have questions about these notices, contact NRECA’s Member Contact Center at 866.673.2299 or contactcenter@nreca.coop. Cooperative employees with questions about their investment strategy should contact NRECA’s Personal Investment & Retirement Consulting team at 866.673.2299, option 6, or pirc@nreca.coop.