Hi Team
We are making enhancements to the Voss Auto Network 401(k) Plan taking effect in March 2026. These updates introduce new Target Date investment options and may impact how your account is currently managed.
Starting in March, we will introduce Target Date Funds to our investment lineup to allow all participants in the plan more options to invest their retirement funds in. This also provides another alternative to those currently in the My Total Retirement managed by Empower to lower their fees paid by switching to a Target Date fund option.
Impact on Participants in the Plan:
If you are currently enrolled in the My Total Retirement professionally managed service provided by Empower, please note the following:
- Participants Under the Age of 50: By default, your account balance will be transitioned into a Target Date Fund effective March 18, 2026,that would align with your expected retirement date. However, you have the option to remain in the “My Total Retirement” professionally advised program if you choose to do so.
- Participants Aged 50 and Older: There will be no change in your investments as you will remain in the My Total Retirement option. However, you will have the option to move your funds into a Target Date fund if you choose to do so.
All other Participants not enrolled in the My Total Retirement – There will be no change in your investments as you will remain in your investments that you elected. However, you will have the option to move your funds into a Target Date fund if you choose to do so.
Informational Teams Meeting
It is important that all participants attend this session to understand the upcoming fund changes and the steps required to maintain your current My Total Retirement option if you do not wish to move to a Target Date Fund.
- Date: February 27, 2026
- Time: 11:00 AM
- Location: Microsoft Teams meeting (Link to Join Below)
https://teams.microsoft.com/meet/24770530925848?p=RIK0dRhzvE14qhyrke
Important Disclaimer
Voss Auto Network cannot provide any investment advice. This meeting is for informational purposes to explain the administrative changes to the plan. Decisions regarding your investment strategy and fund selections should be made based on your individual financial goals and risk tolerance.
Contact & Support
For specific questions regarding your account, investment options, or to receive professional guidance, please contact Empower directly at 1-877-694-4015 or log in to the Empower Participant Portal.
Chris Burnham, CPA
Accounting Manager
Voss Auto Network
Direct Dial: (937) 428-2429