Delphi announced several modifications to the Salaried Retirement Savings Program (SRSP) and Personal Savings Plan (PSP). State Street Bank and Trust, currently the plan’s trustee, will be replaced with Fidelity Management Trust Company. This will cause a temporary “blackout period” for participants.
Along with this transfer, certain State Street Global Advisors (SSgA) index funds will be replaced by similar index funds provided by Northern Trust. One of the Small-Mid Cap Equity Value Portfolio managers, Lord Abbett, will be replaced by Huber Capital Management. Portfolio percentages are also being adjusted in this portfolio.
Please feel free to contact us toll-free at 1-866-444-6246 if you have questions on how these changes could impact your investment strategy.