GM RSP & PSP Plan Changes – May 2015

General Motors has announced several important upcoming changes relating to the General Motors Retirement Savings Plan (RSP) and the Personal Savings Plan (PSP), referred to as the “Plans”.

Effective June 29^th, the Income Fund will transition to a different management company.

Effective July 9^th, GM is removing an investment option from the Plans and mapping any existing balances over a transition time period to another available fund option. There will also be a "blackout period" suspending all activity involving the investment option being removed.

Effective July 10^th, several Fidelity mutual funds will be replaced by lower cost collective investment trust (CIT) investment options, known as commingled pools. In addition, GM is adding a BlackRock investment option to the Plans.

Beginning in July 2015, a quarterly revenue credit is being implemented for two investment options in the Plans, the result of a fee credit negotiated by GM with Fidelity.

To discuss these plan changes and how they may impact your investment allocation, do not hesitate to contact Mainstay Capital Management toll-free at 1‑866‑444‑6246.