Important changes to your IBEW Local 43 & Electrical Contractors Annuity Fund
Effective Friday, February 23, 2024
Your IBEW Local 43 & Electrical Contractors Annuity Fund (the “Plan”) is an important part of your long-term
financial strategy. That is why the Board of Trustees of the IBEW Local 43 & Electrical Contractors Annuity Fund
regularly reviews and sometimes changes the investment options in the Plan so you may continue to select from
a competitive range of investment options. As a result of a recent review, we are announcing that the American
Funds Growth Fund of Amer R5E option will be replaced by the William Blair Large Cap Growth R6 option.
Important information about fund mapping
If you have a balance in and/or future contribution elections directed to be invested in the American Funds
Growth Fund of Amer R5E option, your money and/or future contribution elections will automatically transfer to
the William Blair Large Cap Growth R6 option. No action is required on your part. However, if you do not want
your existing balance(s) or future contribution elections transferred in the manner outlined in this letter, you
must reallocate your balance and future contribution elections to other fund options in the Plan’s investment
lineup before market close on
Thursday, February 22, 2024.
Current Fund , American Funds Growth Fund of Amer R5E, Ticker: RGAHX, Gross expense ratio: 0.40%
The investment seeks growth of capital. The fund invests primarily in common stocks and seeks to invest
in companies that appear to offer superior opportunities for growth of capital. It may invest up to
25% of its assets in securities of issuers domiciled outside the United States. The investment adviser uses
a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of
the fund is divided into segments managed by individual managers.
Replacement Fund , William Blair Large Cap Growth R6, Ticker: LCGJX, Gross expense ratio: 0.76%
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets
(plus the amount of any borrowings for investment purposes) in stocks of large capitalized (“large cap”)
companies. It invests primarily in a portfolio of equity securities, including common stocks and other forms of
equity investments (e.g., securities convertible into common stocks), of large cap U.S. growth companies
that are expected to exhibit quality growth characteristics. The fund is nondiversified.
Investing involves risk, including possible loss of principal.
There is nothing you need to do. Your money will transfer automatically unless you provide different investment
instructions before market close on Thursday, February 22, 2024. You can make changes by: Visiting your plan’s
website at empowermyretirement.com or the Empower mobile app. Contacting an Empower representative at
833-569-2433 Monday through Friday from 8 a.m. to 10 p.m. Eastern time or Saturdays from 9 a.m. to 5:30 p.m.
Eastern time. The TTY number for those with a hearing impairment is 800-345-1833. You can always change how
your money is invested any time after the transfer. Carefully consider the investment option’s objectives, risks,
fees and expenses. Contact Empower for a prospectus, summary prospectus for SEC-registered products or
disclosure document for unregistered products, if available, containing this information. Read each carefully before investing.
