The Trustees of the Equity-League Fund’s 401(k) Plan continually look for ways to improve the Plan’s available investment options. As a result, the Trustees have added two new investments for 401(k) participants: a new 2060 Target Date Fund and the Fossil-Fuel Free Parnassus Endeavor ESG fund. More information about these investment options are listed below.
You may change your investment choices at any time by visiting mylife.jhrps.com and logging in, or by calling a John Hancock representative at (800) 294-3575.
Introducing the 2060 Target Date Fund
The latest addition to American Funds’ Target Date Funds is the new 2060 Target Date Fund. It is being added to the slate of available Equity-League Benefit Funds 401(k) investments, because the Plan’s youngest participants are not likely to retire before 2060.
The 2060 Target Date Fund is the default target date fund for those born in 1991 or later.
What are Target Date Funds?
Target date funds are diversified investments that provide a simpler way to manage your 401(k), employing a dynamic mix of investments focused on your planned retirement date. Target date funds follow a “glide path” that changes the mix of underlying investments as you near your target retirement date — and for decades after your retirement. Generally, the mix of investments becomes more conservative over time.
What is the Parnassus ESG Fund?
The Parnassus ESG Fund is provided by an investment manager that screens for environmental, social or governance (ESG) factors when it constructs and maintains it’s investment portfolios.
Fund Name / Share Class Ticker Symbol
Parnassus Endeavor Fund / PARWX
The Parnassus Endeavor Fund avoids investing in companies that engage in the extraction, exploration, production, manufacturing, or refining of fossil fuels. As of March 31, 2015, 0% of the fund’s assets were invested in this legacy energy sector. Conversely, the fund seeks to add value by investing in undervalued equity securities of large capitalization companies with reputations for outstanding workplaces. The Fund has had a higher and strong long-term performance.
Remember that past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than figures referenced in communications materials from John Hancock. Investment return and principal value will fluctuate so that, upon redemption, shares may be worth more or less than their original cost. Performance data does not reflect deduction of redemption fee, which, if such fee exists, would lower performance.
For the most recent month-end performance information for either of these new funds, or other funds available through the 401(k) Plan, please log onto the John Hasncock website: mylife.jhrps.com or call a John Hancock representative at (800) 294-3575.