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Genesis Health

Welcome to the Genesis Health Retirement Plan Transition Website

Bookmark this page and visit frequently as new information and updates will be posted 

We are pleased to announce that your Genesis Health System Retirement Plans are moving to Fidelity Investments® effective 
July 1, 2025


The Trinity Health 401(k) Retirement Savings Plan will offer:
•    A lineup of investment options for your selection.
•    The NetBenefits® website and mobile app to easily access and manage your account.
•    Online planning tools, videos and workshops to help you make decisions for your future.
•    Assistance and investment advice from Fidelity’s experienced phone representatives.
•    In-person consultation with a dedicated Fidelity representative who can help you plan for your financial goals.

What do I need to know?


Your Genesis Health System Retirement Plan balance(s) under the following plans at Transamerica will merge into the Trinity Health Retirement Plans effective July 1, 2025:

Fidelity representatives are here to support you and can be reached at 1-800-343-0860.

You do not need to take any actions for your account balance to transfer; however, if you wish to make changes before or after the blackout period you may do so according to these Key Dates. Be sure to update your beneficiary designation under each Plan for which you are a participant after your account(s) have transitioned to Fidelity; some beneficiary designations on file at Transamerica will not transition to Fidelity.

Schwab Personal Choice Retirement Account (PCRA)

If you hold investments in PCRA under the Genesis Health 403(b) Plan and Genesis Health 401(k) Plan, balances will transfer in-kind, provided that the fund is available under Fidelity's self-directed brokerage account, Fidelity BrokerageLink®. If the fund is not available, the balance will be liquidated and proceeds directed to the respective Trinity Health Plan's Target Date Fund base on your date of birth. You will receive a separate communication with the details of your brokerage account transfer if you are currently participating in PCRA. 

If you hold investments in PCRA under the Genesis Health 457(b) Plan, Fidelity's self-directed brokerage account, Fidelity BrokerageLink®, is not available under the Trinity Health 457(b) Plan. Investments will not transfer in-kind and will be liquidated with proceeds directed to the Trinity Health 457(b) Plan's Target Date Fund based on your date of birth. You may take action to liquidate your investments and move them to the Genesis Health 457(b) Plan core fund line-up prior to the Blackout Period but must do so no later than June 16, 2025, at 4 p.m. Eastern. You will receive a separate communication with the details of your brokerage account transfer if you are currently participating in PCRA. 

Blackout Period

Prior to and briefly following the actual transition, there will be a period of time during which you will not have access to your current retirement Plan account(s). This period of time is referred to as the “Blackout Period” and is necessary to allow time for Transamerica to prepare its records for the transition to Fidelity and then for Fidelity to reconcile these records to establish your account(s) on its system. You will receive a notice prior to the start of the Blackout Period to let you know when it begins and another notice to let you know when the Blackout Period ends. The Blackout Period is scheduled to begin June 23, 2025, and expected to end the week of July 20, 2025. Please be assured that representatives at Fidelity will be available to assist you every step of the way. Review these Blackout Period Key Dates for additional information and actions you may wish to take. 

Investment Fund Mapping

The transition will include the transfer process of your current account balances, investment elections and records from Transamerica to Fidelity. We have carefully designed the transition for your convenience and to minimize any disruptions. One important aspect of the transition is the mapping of your account balance and investment elections under the Genesis Health Systems Retirement Plans to the investment options offered under the Trinity Health Retirement Savings Plan. 

Investment elections will be mapped, and your investment funds will be liquidated and reinvested in investment options available under the Trinity Health Retirement Savings Plans, except for amounts invested in certain investment funds under the self-directed brokerage accounts known as Schwab Personal Choice Retirement Account (PCRA), if applicable. Additional information will be provided to those who participate in the Schwab PCRA. A few investments will map to a target date investment strategy which is the Qualified Default Investment Alternative (QDIA) for the Plan.

Because you will be unable to change the investment direction of your Plan balance(s) during the Blackout Period, it is very important that you review and consider the appropriateness of your current investments and make any desired changes before the blackout period begins. You will be able to resume managing your account, including changing the investment funds for your account balances after the Blackout Period ends.

For your long-term retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income, and investments. It is important that you become familiar with the various investment options that are available in the Trinity Health Retirement Savings Plans regarding each investment option’s risk, as well as its strategy and objective. Information can be found in the Investment Options Guide.

If you are currently invested in the PortfolioXpress® asset allocation and rebalancing service at Transamerica

Your current investment elections will be liquidated and will transfer to Fidelity and be invested according to how the underlying investment options will transfer. Your account will no longer be managed by any managed account service. If you would like to continue to have your account professionally managed, you can learn more about and choose to enroll in Fidelity® Personalized Planning & Advice. This service provides advisory services for a fee, which will be paid from your account.

If you are currently invested in Transamerica’s Managed Advice® service

Your current investment elections will be liquidated and will transfer to Fidelity and be invested according to how the underlying investment options will transfer. Your account will no longer be managed by any managed account service. If you would like to continue to have your account professionally managed, you can learn more about and choose to enroll in Fidelity® Personalized Planning & Advice. This service provides advisory services for a fee, which will be paid from your account. 

Loans

If you have an outstanding loan under the Genesis Health Plans, please review these details regarding how your loan will transition to the Trinity Health Retirement Plans.

If you have an outstanding loan in the Genesis Health 401(k) Plan and you are an active participant in the plan, your loan will be moved to the Trinity Health 401(k) plan and be re-amortized to a bi-weekly loan repayment cycle and payroll deducted from your bi-weekly paychecks. This transition will not affect the terms or length of your loan. 

If you have an outstanding loan in the Genesis Health 401(k) Plan and you are a terminated participant in the plan, your loan will be moved to the Trinity Health 401(k) plan and be re-amortized to a monthly loan repayment cycle. You will need to establish your banking information with Fidelity to continue paying your loan after the transition is complete. This transition will not affect the terms or the length of your loan. If you do not follow the process to set up your loan repayments, you may miss a loan repayment, and your loan may become delinquent. 

If you have an outstanding loan in the Genesis Health 403(b) Plan and you are an active or a terminated participant in the plan, your loan will be moved to the Trinity Health 403(b) plan and be re-amortized to a monthly loan repayment cycle. You will need to establish your banking information with Fidelity to continue paying your loan after the transition is complete. This transition will not affect the terms or the length of your loan. If you do not follow the process to set up your loan repayments, you may miss a loan repayment, and your loan may become delinquent.

Other Transition Details

Vesting Schedule

Your balance(s) in the Genesis Health Plan(s) will merge into the Trinity Health Plan(s) at Fidelity. 
The vesting status of your balances will transfer to the Trinity Health Plan(s) at Fidelity – whether vested, partially vested, or non-vested.

Beneficiary Designations

Some beneficiary designations currently on file with Transamerica will not transfer to Fidelity. Please review your account(s) after the transition to ensure that your desired beneficiary designation is reflected on your account(s).  

Account Statements

Your final account statement from Transamerica will be available in August 2025 and your first account statement from Fidelity will be available online in August 2025. 

You can run your online Fidelity statement and compare it with your final account statement from Transamerica. Contact Fidelity Investments at 1-800-343-0860 with any questions.

Account statements will not be automatically mailed to your home; they will be available on your account with Fidelity NetBenefits® at www.netbenefits.com. To change your mail preferences and request that statements be mailed to your home address, call Fidelity at 1-800-343-0860 or log on to NetBenefits® at www.netbenefits.com. Select Profile, then Preferences. 
 

FAQs

Review Frequently Asked Questions

Contact Information

Fidelity Customer Representatives
1-800-343-0860

 

 

 


 

Last updated: 05/2025

Disclaimer:

The information provided in this summary is designed to assist you with understanding your options under Trinity Health’s retirement plans. It is only an overview and is not intended to be a comprehensive description of the benefit plans available to you. It does not constitute a contract and is not meant to interpret, extend or change any plan provisions in any way. The summary plan descriptions and official plan documents describe the plans in more detail, and you should refer to these documents for answers to your specific questions regarding the plans, including what services are covered by a plan. If there is a discrepancy between printed materials, the official plan documents will prevail. Trinity Health retains the right to make changes to or terminate its benefit plans at any time, including making changes to comply with and exercise its options under applicable laws.

For any plan in which you participate, you also have the right to request a full printed copy of the summary plan description and official plan document from your employer or Trinity Health Total Rewards Retirement, 20555 Victor Parkway, Livonia, MI 48152. There will be no charge for the printed copies.