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Brandeis University Defined Contribution Retirement Plan for Faculty, Professional, and Admin Staff
The Brandeis University 403(b) Plan offers you powerful, tax-deferred opportunities to save for your future.
Below is a performance summary of all the investments in your plan available through Fidelity. Click on an investment to view quarter-end returns, risks, fees and expenses.
These are products that can offer an easy-to-manage diversified portfolio in a single fund. They may contain many different asset classes, including stocks, bonds, and short-term investments. While different funds are arranged according to different asset allocations, what they all do is provide you with the opportunity to own a diversified portfolio with just one fund.
Depending on your retirement savings 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 |
|||
|
FID EXTD MKT IDX
Inception Date 11/05/1997 |
Stock Investments |
Mid-Cap |
-26.43% |
3.01% |
4.86% |
9.62% |
7.66% |
5.10% |
8.27% |
12/31/2022 |
|
VANG TARGET RET 2020
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-14.15% |
1.33% |
3.22% |
5.83% |
5.52% |
4.97% |
3.98% |
12/31/2022 |
|
VANG TARGET RET 2025
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-15.55% |
1.66% |
3.58% |
6.43% |
6.13% |
6.03% |
4.62% |
12/31/2022 |
|
VANG TARGET RET 2030
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-16.27% |
2.09% |
3.94% |
6.99% |
6.02% |
6.81% |
5.04% |
12/31/2022 |
|
VANG TARGET RET 2035
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-16.62% |
2.64% |
4.34% |
7.57% |
6.83% |
7.45% |
5.32% |
12/31/2022 |
|
VANG TARGET RET 2040
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-16.98% |
3.17% |
4.74% |
8.06% |
6.59% |
8.20% |
5.56% |
12/31/2022 |
|
VANG TARGET RET 2045
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-17.36% |
3.74% |
5.14% |
8.34% |
7.40% |
8.89% |
5.83% |
12/31/2022 |
|
VANG TARGET RET 2050
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
-17.46% |
3.80% |
5.18% |
8.36% |
6.79% |
9.23% |
5.98% |
12/31/2022 |
|
VANG TARGET RET 2055
Inception Date 08/18/2010 |
Blended Investments* |
N/A |
-17.46% |
3.79% |
5.18% |
8.34% |
8.97% |
9.23% |
5.98% |
12/31/2022 |
|
VANG TARGET RET 2060
Inception Date 01/19/2012 |
Blended Investments* |
N/A |
-17.46% |
3.79% |
5.18% |
8.34% |
8.59% |
9.23% |
5.97% |
12/31/2022 |
|
VANG TARGET RET 2065
Inception Date 07/12/2017 |
Blended Investments* |
N/A |
-17.39% |
3.78% |
5.15% |
-- |
6.42% |
9.24% |
5.94% |
12/31/2022 |
|
VANG TARGET RET 2070
Inception Date 06/28/2022 |
Blended Investments* |
N/A |
-- |
-- |
-- |
-- |
1.02% |
9.21% |
5.99% |
12/31/2022 |
|
VANG TARGET RET INC
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
-12.74% |
0.34% |
2.30% |
3.62% |
4.57% |
3.74% |
3.43% |
12/31/2022 |
NYL GUAR INT ACCOUNT
|
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
Core funds are designed to constitute the essential elements of your overall investment portfolio. Different fund companies define core funds differently, but typically these funds include several types of investments that are suitable for most investors, making it easier to get the investment exposure they want without buying a huge number of individual stocks, funds, or other securities.
You 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. 1,2,3,4.
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 |
|||
|
DODGE & COX STOCK X
Inception Date 05/02/2022 |
Stock Investments |
Large Cap |
-7.15% |
9.44% |
8.74% |
12.45% |
11.03% |
13.02% |
5.07% |
12/31/2022 |
|
FID 500 INDEX
Inception Date 02/17/1988 |
Stock Investments |
Large Cap |
-18.13% |
7.65% |
9.41% |
12.55% |
10.25% |
7.56% |
4.75% |
12/31/2022 |
|
FID GROWTH CO K6
Inception Date 06/13/2019 |
Stock Investments |
Large Cap |
-32.62% |
11.56% |
-- |
-- |
14.09% |
3.68% |
8.45% |
12/31/2022 |
|
VANG FTSE SOC IDX IS
Inception Date 01/14/2003 |
Stock Investments |
Large Cap |
-24.20% |
5.91% |
8.98% |
12.98% |
5.62% |
5.16% |
6.00% |
12/31/2022 |
|
DH SMALL MID CAP Y
Inception Date 12/30/2005 |
Stock Investments |
Mid-Cap |
-13.51% |
4.83% |
5.22% |
9.90% |
8.25% |
7.59% |
8.09% |
12/31/2022 |
|
EV ATL CAP SMID-CP I
Inception Date 04/30/2002 |
Stock Investments |
Mid-Cap |
-8.81% |
7.43% |
9.55% |
13.14% |
11.05% |
11.62% |
4.19% |
12/31/2022 |
|
AF EUROPAC GROWTH R6
Inception Date 04/16/1984 |
Stock Investments |
International |
-22.72% |
-0.15% |
1.54% |
5.30% |
9.83% |
13.78% |
8.67% |
12/31/2022 |
|
VANG TOT INTL STK IS
Inception Date 04/29/1996 |
Stock Investments |
International |
-15.98% |
0.53% |
1.12% |
4.09% |
4.40% |
14.72% |
8.01% |
12/31/2022 |
|
FID US BOND IDX
Inception Date 03/08/1990 |
Bond Investments |
Income |
-13.04% |
-2.72% |
-0.02% |
1.01% |
5.08% |
1.67% |
2.78% |
12/31/2022 |
|
METWEST TOT RTN BD I
Inception Date 03/31/1997 |
Bond Investments |
Income |
-14.79% |
-2.76% |
0.09% |
1.29% |
5.19% |
1.74% |
3.36% |
12/31/2022 |
|
VANG VMMR-FED MMKT
Inception Date 07/13/1981 7 day yield % as of 12/31/2022: 4.21 ** |
Short-Term Investments |
N/A |
1.55% |
0.67% |
1.18% |
0.71% |
3.88% |
0.88% |
0.33% |
12/31/2022 |
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
403(b) Employee Supplemental Contributions
You are immediately eligible to enroll in the Plan.
If you have not enrolled in the Plan within 30 days of your eligibility or opted out by choosing a 0% contribution amount, you will be automatically enrolled in the Plan at a contribution rate of 5%.
403(b) Employee Basic Contributions
You are eligible to participate in the 403(b) Employee Basic Plan once you meet the following:
*The one-year service requirement may be waived for employees who were employed for at least one year in a half-time or more position at a 501(c) 3 higher education institution immediately preceding employment at Brandeis.
Service Credit Waiver.
Once you initially elect to make 403(b) Employee Basic contributions, your election will remain in effect until you no longer are an eligible employee. You may not suspend or discontinue your 403(b) Employee Basic contribution for any reason while employed. You may make changes to 403(b) Supplemental Contributions.
Automatic Enrollment: You will be automatically enrolled to make 403(b) Supplemental contributions in the retirement plan at a pretax rate of 5%. Your contributions will be invested in the Target Date Fund that's closest to your anticipated retirement date (assuming retirement at age 65).
If you wish to waive your enrollment in the Plan, you must change your contribution rate to 0% within the first 30 calendar days from the date indicated on your automatic enrollment notification in the mail.
We encourage you to choose a contribution rate and investment options that are appropriate for you. You may change your elections at any time by logging in to your account with your username and password at the top of this page.
Enrolling on your own is easy.
Step 1: Click Enroll Now at the top of this page and follow the steps to set up your Username and Password.
Step 2: Elect the percentage you would like to contribute to the plan.
Step 3: Choose your investment options.
Step 4: Designate your beneficiaries.
Once you initially elect to make 403(b) Employee Basic contributions, your election will remain in effect until you no longer are an eligible employee. You may not suspend or discontinue your 403(b) Employee Basic contribution for any reason while employed. You may make changes to 403(b) Supplemental Contributions.
Decide how much of your salary you'd like to save in your workplace retirement savings plan.
How to Change Your Contribution Amount
Step 1: Log in to your account by entering your Username and Password at the top of this page.
Step 2: From the home page, click the Quick Links drop-down menu next to the plan name and select Contribution Amount.
Step 3: Enter the desired election amount. Click Change Contribution Amount.
403(b) Supplemental contributions:
403(b) Employee Basic contributions:
The maximum combined amount of pre-tax employee contributions (supplemental and employee basic) cannot exceed IRS Dollar Limits
Please note, if your goal is to contribute the IRS maximum allowed and you have a change in salary, your employee basic contribution amount will also change. Consider updating your supplemental contribution election to stay on track to reach the maximum by December 31st.
You must make an employee basic contribution in order to receive the university matching contribution. Workday will not allow contributions past the IRS maximum allowed.
For more detailed information, please refer to the Summary Plan Description for the Brandeis University 403(b) Plan.
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
You have access to a range of investment choices in your plan, including conservative, moderately conservative, and aggressive funds. We encourage you to take an active role in your plan and choose investment options that best suit your goals, time horizon, and risk tolerance.
Default Investment Option: If you do not select specific investment options in the plan, your contributions will be invested in a Vanguard Lifecycle Fund.
When you are "vested" in your savings, it effectively means the money is yours to keep. You are always 100% vested in both your own contributions as well as employer contributions to your plan, as well as any earnings on them.
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, or retire. Age 59½ withdrawals are only available on voluntary contributions. 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.
For more information, call the Fidelity Retirement Services Center at 1-800-343-0860.
The loan setup fee is $50 per loan, and the ongoing loan maintenance fee is $6.25 per quarter with Fidelity. To learn more about or request a loan, please call Fidelity Investments: 800-343-0860. Loans cannot be taken out online.
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 1-800-343-0860 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. You can also contact Fidelity for a statement of your account by calling 1-800-343-0860 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. Call or write to Fidelity or visit Fidelity.com for a free prospectus and, if available, 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.
2Total 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.
4Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.
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