To view this fund's performance and other information, log in to NetBenefits.
To view this fund's performance and other information, log in to NetBenefits.
Beaumont Health Retirement Savings Plan
This plan allows employees to contribute pre-tax contributions through payroll deductions.
Choose from the tiers of investments below. Tiers are distinct categories designed to simplify your investment choices. At any time, you may use investments from any and all tiers.
When and Why:
Depending on your plan, there are two options to consider: Target Date Funds which are based on an anticipated retirement date and Target Allocation Funds that are based on a risk tolerance and time horizon.
Note: The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate, therefore you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Click on an investment to view quarter end returns, risk, fees and expenses. 1,2,3,4.
| INVESTMENTS | ASSET CLASS | CATEGORY | AVERAGE ANNUAL TOTAL RETURNS | CUMULATIVE RETURNS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Life |
3 Mon |
YTD |
As of Date |
|||
|
VANG TARGET RET 2020
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-8.02% |
3.10% |
3.68% |
5.71% |
5.60% |
-0.45% |
3.39% |
02/28/2023 |
|
VANG TARGET RET 2025
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-8.32% |
3.94% |
4.11% |
6.31% |
6.22% |
-0.45% |
3.42% |
02/28/2023 |
|
VANG TARGET RET 2030
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-8.42% |
4.84% |
4.49% |
6.86% |
6.15% |
-0.44% |
3.47% |
02/28/2023 |
|
VANG TARGET RET 2035
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-8.29% |
5.81% |
4.92% |
7.42% |
6.95% |
-0.46% |
3.46% |
02/28/2023 |
|
VANG TARGET RET 2040
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-8.15% |
6.81% |
5.33% |
7.91% |
6.74% |
-0.37% |
3.41% |
02/28/2023 |
|
VANG TARGET RET 2045
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-8.02% |
7.82% |
5.77% |
8.22% |
7.54% |
-0.38% |
3.42% |
02/28/2023 |
|
VANG TARGET RET 2050
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-7.93% |
7.93% |
5.84% |
8.25% |
6.97% |
-0.36% |
3.36% |
02/28/2023 |
|
VANG TARGET RET 2055
Inception Date 08/18/2010 |
Blended Investments* |
N/A |
-7.90% |
7.92% |
5.83% |
8.24% |
9.18% |
-0.33% |
3.37% |
02/28/2023 |
|
VANG TARGET RET 2060
Inception Date 01/19/2012 |
Blended Investments* |
N/A |
-7.88% |
7.92% |
5.83% |
8.24% |
8.83% |
-0.33% |
3.40% |
02/28/2023 |
|
VANG TARGET RET 2065
Inception Date 07/12/2017 |
Blended Investments* |
N/A |
-7.88% |
7.90% |
5.81% |
-- |
6.95% |
-0.35% |
3.38% |
02/28/2023 |
|
VANG TARGET RET 2070
Inception Date 06/28/2022 |
Blended Investments* |
N/A |
-- |
-- |
-- |
-- |
4.96% |
-0.33% |
3.35% |
02/28/2023 |
|
VANG TARGET RET INC
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-7.74% |
1.16% |
2.76% |
3.64% |
4.62% |
-0.46% |
3.35% |
02/28/2023 |
When and Why:
Investors may choose from a range of fund choices that reflect different styles and goals.
Note: The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate, therefore you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Click on an investment to view quarter end returns, risk, fees and expenses. 1,2,3.
You may lose money by investing in a money market fund. Not all money market funds operate the same way and depending on the fund, you may be subject to certain operating policies and risks not applicable to other money market funds. Please click on the name of the fund below for risks specific to that fund.
| INVESTMENTS | ASSET CLASS | CATEGORY | AVERAGE ANNUAL TOTAL RETURNS | CUMULATIVE RETURNS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Life |
3 Mon |
YTD |
As of Date |
|||
|
FID 500 INDEX
Inception Date 02/17/1988 |
Stock Investments |
Large Cap |
-7.71% |
12.14% |
9.81% |
12.24% |
10.31% |
-2.29% |
3.85% |
02/28/2023 |
|
VANG GRTH INDEX INST
Inception Date 11/02/1992 |
Stock Investments |
Large Cap |
-15.87% |
10.42% |
10.66% |
13.16% |
9.99% |
-0.42% |
13.30% |
02/28/2023 |
|
VANG VAL INDEX INST
Inception Date 11/02/1992 |
Stock Investments |
Large Cap |
-0.40% |
12.78% |
8.41% |
11.01% |
9.57% |
-3.86% |
-4.47% |
02/28/2023 |
|
VANG MDCPGR IDX ADM
Inception Date 08/17/2006 |
Stock Investments |
Mid-Cap |
-11.53% |
9.42% |
8.95% |
10.80% |
9.00% |
0.22% |
3.79% |
02/28/2023 |
|
VANG MDCPVAL IDX ADM
Inception Date 08/17/2006 |
Stock Investments |
Mid-Cap |
-1.60% |
12.64% |
7.33% |
10.39% |
8.52% |
-1.30% |
-4.76% |
02/28/2023 |
|
VANG SM CAP IDX INST
Inception Date 10/03/1960 |
Stock Investments |
Small Cap |
-4.52% |
11.60% |
7.81% |
10.10% |
10.51% |
1.23% |
-0.97% |
02/28/2023 |
|
VANG SM GR IDX INST
Inception Date 05/21/1998 |
Stock Investments |
Small Cap |
-10.14% |
6.41% |
6.84% |
9.48% |
8.46% |
2.29% |
3.12% |
02/28/2023 |
|
VANG SM VAL IDX INST
Inception Date 05/21/1998 |
Stock Investments |
Small Cap |
-0.59% |
14.74% |
7.78% |
10.10% |
8.65% |
0.51% |
-3.84% |
02/28/2023 |
|
FID INTL INDEX
Inception Date 11/05/1997 |
Stock Investments |
International |
-3.07% |
6.58% |
2.86% |
4.97% |
4.77% |
3.44% |
4.47% |
02/28/2023 |
|
VAN EM MKT ST IDX IS
Inception Date 05/04/1994 |
Stock Investments |
International |
-13.52% |
1.86% |
-0.77% |
1.81% |
5.72% |
-1.07% |
1.81% |
02/28/2023 |
|
VAN REAL EST IDX IS
Inception Date 05/13/1996 |
Stock Investments |
Specialty |
-13.27% |
3.00% |
7.09% |
6.34% |
9.26% |
-1.36% |
-3.51% |
02/28/2023 |
|
FID US BOND IDX
Inception Date 03/08/1990 |
Bond Investments |
Income |
-9.68% |
-3.77% |
0.51% |
1.08% |
5.08% |
-0.10% |
3.50% |
02/28/2023 |
|
VG TL INTL BD IDX IS
Inception Date 05/31/2013 |
Bond Investments |
Income |
-9.34% |
-4.24% |
0.07% |
-- |
1.74% |
-1.73% |
3.99% |
02/28/2023 |
When and Why:
For those investors comfortable with expanded choices and desiring more investment flexibility, this list of mutual funds is for more experienced investors who have the ability to create and manage a portfolio through a larger selection of investments.
This option is for employees who know how to research, evaluate, and monitor a wide variety of funds with different risk and return characteristics.
Note: The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate, therefore you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Click on an investment to view quarter end returns, risk, fees and expenses. 1,2,3.
You may lose money by investing in a money market fund. Not all money market funds operate the same way and depending on the fund, you may be subject to certain operating policies and risks not applicable to other money market funds. Please click on the name of the fund below for risks specific to that fund.
| INVESTMENTS | ASSET CLASS | CATEGORY | AVERAGE ANNUAL TOTAL RETURNS | CUMULATIVE RETURNS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Life |
3 Mon |
YTD |
As of Date |
|||
|
VANG MD CP IDX IS PL
Inception Date 05/21/1998 |
Stock Investments |
Mid-Cap |
-6.38% |
11.38% |
8.37% |
10.80% |
9.72% |
-0.59% |
-0.78% |
02/28/2023 |
|
VANG INFL PROT INST
Inception Date 06/29/2000 |
Bond Investments |
Income |
-10.34% |
0.31% |
2.51% |
1.16% |
4.62% |
-0.68% |
3.29% |
02/28/2023 |
|
VANG ST BOND IDX IS
Inception Date 03/01/1994 |
Bond Investments |
Income |
-4.04% |
-1.35% |
0.96% |
0.90% |
3.51% |
-0.02% |
2.31% |
02/28/2023 |
When and Why:
Self-directed brokerage may be appropriate for the experienced, savvy investor who prefers a more hands-on approach to retirement planning and is willing to take on more risk.
Self-directed brokerage combines the convenience of your workplace retirement plan account with the additional flexibility of a brokerage account, giving you expanded investment choices and the opportunity to more actively manage your retirement contributions. A self-directed brokerage account may entail greater risk and is not appropriate for everyone. Additional fees apply to this type of account.
For more information or to open your own BrokerageLink® account, first ENROLL in your Fidelity workplace retirement plan. Once you have opened your Fidelity account, you can then visit BrokerageLink® Central to review additional information and enroll in the self-directed brokerage account.
Video: Is Fidelity BrokerageLink® Right for Me?
| INVESTMENTS | ASSET CLASS | CATEGORY | AVERAGE ANNUAL TOTAL RETURNS | CUMULATIVE RETURNS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
1 Yr |
3 Yr |
5 Yr |
10 Yr |
Life |
3 Mon |
YTD |
As of Date |
|||
PRINCIPAL FIXED ACCT
Inception Date 12/01/2006 |
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You are immediately eligible to enroll in the Plan. To enroll, click the Enroll Now button on this page and follow the step by step instructions.
You can also enroll through the Beaumont Health Retirement Service Center at Fidelity Investments by calling 1-866-866-3818.
Your enrollment becomes effective once you indicate how much you'd like to contribute, also known as the deferral. You will generally begin to see your contributions deducted from your paycheck in the next pay period, or as soon as administratively possible.
Through automatic payroll deduction, you may contribute up to 75% of your eligible pay on a pretax or Roth basis, up to the annual IRS dollar limits. In addition, you can automatically increase your 403(b) savings plan contributions each year through the Annual Increase Program. The plan also allows employees to contribute in whole dollar amounts.
A Roth contribution to your retirement savings plan allows you to make after-tax contributions and take any associated earnings completely tax free at retirement - as long as the distribution is a qualified one. A qualified distribution, in this case, is one that is taken at least 5 tax years after your first Roth 403(b) contribution and after you have attained age 59½, or become disabled, or die. Through automatic payroll deduction, you can contribute between 1% and 75% of your eligible pay as designated Roth contributions, up to the annual IRS dollar limits. For more information please log on to NetBenefits® and select "Tools & Learning" from the home page. Under "Learning" you will see a tab called "About 403(b)s;" select that tab and click on "Roth".
If you are age 50 or older, you have the ability to make additional contributions to your plan, up to the current IRS dollar limits. View the limits here: IRS DOLLAR LIMITS
When you are "vested" in your savings, it effectively means the money is yours to keep. You are always 100% vested in all contributions you make to your plan, as well as any earnings on them.
Contributions to your Plan from Beaumont Health are vested after 3 years of service.
Your beneficiary or beneficiaries will inherit your account in the event of your death. You should consider identifying a beneficiary when you enroll in your plan, and updating the information if you experience a life-changing event such as a marriage, divorce, birth of a child, or death in the family.
Fidelity's Online Beneficiaries Service, available through NetBenefits® offers a straightforward, convenient process that takes just minutes.
Go to 'Profile' in the navigation bar at the top of your NetBenefits® page and click on the 'Summary tab' and then 'Beneficiaries'.
You are generally allowed to withdraw money from your plan when you leave your employer, retire or become permanently disabled. Also you may be eligible for a distribution if you have a financial hardship as defined by your plan. Withdrawals may be subject to income taxes and, if they occur prior to you becoming age 59½, a 10% early withdrawal tax penalty.
Please Note: After you separate from service you are required to take a lump sum (or MRD). Partial withdrawals are not allowed at that time.
For more information, call the Beaumont Health Retirement Service Center at Fidelity Investments at 1-866-866-3818.
Although your plan account is intended for the future, you may borrow from your account for any reason. Generally, the Beaumont Health Retirement Savings Plan allows you to borrow up to 50% of your vested account balance.
The minimum loan amount is $1,000, and a loan must not exceed $50,000. Any outstanding loan balances from the previous 12 months may reduce the amount you have available to borrow. You then pay the money back into your account, plus interest, through after-tax payroll deductions.
You may have two loans outstanding at a time. The cost to initiate a loan is $35, and there is a quarterly maintenance fee of $3.75. The initiation and maintenance fees are deducted directly from your plan account.
Note: If you fail to repay your loan (based on the original terms of the loan), it will be considered in "default" and treated as a distribution, making it subject to income tax and possibly to a 10% early withdrawal tax penalty. Defaulted loans may also impact your eligibility to request additional loans.
If you have retirement savings in another employer's plan or in an IRA, consolidating accounts may help make it easier to manage your savings but there are several options. Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.
If you're not sure about the best option for you, talk to a Fidelity representative today. They can explain each option in greater detail so you can make the best choice for your specific needs.
Online, on the phone, or in person, you have access to your account the way you want it. Log in online to NetBenefits® virtually 24/7 or call Fidelity at 1-866-866-3818 to speak with a representative or use the automated voice response system.
Fidelity financial professionals provide complimentary one-on-one consultations for participants in your plan. Teri Jones and John Sawicki are dedicated to providing guidance for your retirement needs. To schedule a one-on-one appointment, please click the Meet link on the homepage of this website and choose your location to view a schedule of available dates and times. You can also schedule an appointment through the Beaumont Health Retirement Service Center at Fidelity by calling 1-866-866-3818. You can also contact Fidelity for a statement of your account by calling 1-866-866-3818 or visiting NetBenefits®.
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Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
** The current yield of the money market mutual fund listed above reflects the current earnings of the fund, while the total return refers to a specific past holding period.
*** The yield without applicable waivers or reimbursements, whenever Fidelity is subsidizing all or a portion of the fund's expenses as of the current reporting period. Absent such waivers or reimbursements, the returns would have been lower. Waivers and/or reimbursements may be discontinued any time.
Investing involves risk, including risk of loss.
Footnotes 1, 2, 3 and 4 below pertain to the performance tables located on the Investment Options tab:
1 Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.
2 Total returns are historical and include change in share price and reinvestment of dividends and capital gains, if any. These figures do not include the effect of sales charges, if any, as these fees are waived for contributions made through your retirement plan. If sales charges were included, returns would have been lower. Life of fund figures are from the inception date to the period shown. For unitized funds, the inception date shown may be that of the fund's underlying investment option. For non-mutual fund pools and trusts whose strategies may be offered to multiple clients, and whose returns may be based on a composite, the inception date shown may be the beginning date of the composite's returns.
3In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible.
4The target date funds are designed for investors expecting to retire around the year indicated in each fund's name. The funds are managed to gradually become more conservative over time as they approach the target date. The investment risk of each target date fund changes over time as the fund's asset allocation changes. The funds are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after the funds' target dates.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
