Yes, but under IRS requirements, you are only allowed to change your invested funds allocation two times each year. You can change how new contributions are allocated at any time.
Any changes to invested funds will be applied to prior contributions and earnings. If you do make a change to your investment option, we’ll sell your units in the original option and use the proceeds to buy units in the new one. You can make a change online from your Account or contact customer service for an Investment Option or Allocation Change Form.