The plan offers 40 investment options with preferred fees that are generally lower than what you could find on your own.

Options include State Street target-date funds (which have the lowest fees) and actively and passively managed funds, giving you the chance to customize your 401(k) investments. See the 401(k) Investment Guide and Fee Disclosure for details, including a glossary, fund performance and fees.

Funds are subject to market risk. The market value of a fund may decline and the value of fund shares may be more or less than what you paid for them. Accordingly, you can lose money investing in any fund.

Changing Your Investments

To choose or change your investment elections or mix, visit the Morgan Stanley Benefit Center website and go to Savings and Retirement > 401(k) Savings Plan > Change Investments and follow the instructions.

The Firm’s Trading Rules

In general, you may change your investment choices as often as you like. However, you are required to hold most funds for a minimum of 30 days. In addition, any trading restriction or window period that applies to you as a Morgan Stanley employee also applies to your plan investments in the same way that it applies to your trading accounts outside the plan. See the 401(k) Summary Plan Description for more information.