Avaya Inc. Savings Plan for Salaried Employees and Avaya Inc. Savings Plan, collectively known as “the Plan”
Re: Fund Lineup Changes
This notification is being sent to inform you of a change being made to the investment line-up in your plan as a result of new SEC money market reform rules taking effect this year. In response to these rule changes, your Plan Sponsor must make changes to your investment lineup, effective on or about August 30, 2016, (the “Effective Date”). The following explains the impact of this change to you.
The investment option shown on the left of the below table, under Liquidating (“Old”) Fund will no longer be available in the Plan. All existing balances and future contributions in this fund applicable to the plan will be transferred to the fund shown immediately to its right, under Successor (“New”) Fund, on or about the effective date. The transfer of balance will appear as an exchange on your account history and quarterly statement. You may receive a prospectus as a result of this transaction. There is no cost for this transaction.
If you do not want your future contributions to transfer to the investment option as shown below, you must contact Fidelity Investments® before 4:00 P.M. Eastern Time on the effective date and request a change. If you do not want your remaining balances to transfer to the investment option as shown on the following page, you must contact Fidelity Investments before 4:00 P.M. Eastern Time on the effective date and request an exchange.
If you would like more information, or to review investment options in your plan, please do so by logging onto Fidelity NetBenefits® at www.401k.com. In order to speak with a customer service representative, please contact Fidelity at 1-877-208-0783.
You may also speak with the Avaya Inc. 401(k) plans’ Investment Advisor Tom Demko @
About Your New Investment Option
Fidelity® Investments Money Market Government Portfolio – Institutional Class
Expense Ratio: 0.18% as of August 8, 2016
Footnotes: This description is only intended to provide a brief overview of the mutual fund. Read the fund’s prospectus for more detailed information about the fund.
Initial offering of the Fidelity® Institutional Money Market Government Portfolio – Institutional Class took place on May 14, 2014. Returns and expenses prior to that date are those of the Fidelity® Institutional Money Market Government Portfolio – Class I. Had Fidelity® Institutional Money Market Government Portfolio – Institutional Class expenses been reflected in the returns shown, total returns would have been higher.
As of May 31, 2016, this fund changed its name from Fidelity® Institutional Money Market Government Portfolio.
For a mutual fund, the expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percentage of the fund’s total net assets. Expense ratios change periodically and are drawn from the fund’s prospectus. For more detailed fee information, see the fund prospectus or annual or semiannual reports.
Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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