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Brandeis University
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Plans & Investments

Plan Details

Brandeis University Defined Contribution Retirement Plan for Non-Exempt Employees (paid hourly)

The Brandeis University 403(b) Plan offers you powerful, tax-deferred opportunities to save for your future.

  • Enrolling is fast and easy: Simply select the Enroll Now button on the right.
  • To learn more before you enroll, see Investment Options & Plan Basics below.
Enroll Now
  • Plan Basics

  • Investment Options

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.

VANGUARD TARGET FUNDS

Explore Your Investment Options - shows details. Click to open.

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

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

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

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

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

--

--

--

--

--

--

--

--

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

CORE FUNDS

Explore Your Investment Options - shows details. Click to open.

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

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

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

Explore Plan Basics

Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.

Eligibility - shows details. Click to open.

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 3%.

403(b) Employee Basic Contributions

You are eligible to participate in the 403(b) Employee Basic Plan once you meet the following:

  • Are a regular faculty and staff member who is scheduled to work half-time or more.
  • Are a regular staff scheduled to work half time or more for not less than 39 weeks per year and completed one year of benefit eligible service*
  • Attained 21 years of age.

*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.

Enrollment - shows details. Click to open.

Automatic Enrollment: You will be automatically enrolled to make 403(b) Supplemental contributions in the retirement plan at a pretax rate of 3%. 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.

Already Established Account. How to Make Changes to Your Contribution Amount - shows details. Click to open.

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.

Contributions - shows details. Click to open.

403(b) Supplemental contributions:

  • Pre-tax deferred contributions for employees not eligible for employer match
  • Pre-tax deferred contributions made in addition to the 403(b) Employee Basic
  • Can be changed (increased, decreased or stopped) at any time
  • Election changes become effective in the pay period elected

403(b) Employee Basic contributions:

  • 3% (nonexempt) pre-tax deferred contributions linked to the University Matching contribution
  • The university matching contribution is 6% (nonexempt) of a participant's eligible compensation, plus 2% contribution on the July 1 following attainment of age 50
  • Cannot be changed once elected
  • Elections become effective the 1st of the following month

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.

"Catch-Up" Contributions - shows details. Click to open.

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

Investment Options - shows details. Click to open.

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.

Vesting - shows details. Click to open.

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.

Beneficiaries - shows details. Click to open.

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'.

Withdrawals - shows details. Click to open.

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.

Loans - shows details. Click to open.

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.

Moving money - shows details. Click to open.

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.

Account access - shows details. Click to open.

Online, on the phone, or in person, you have access to your account the way you want it. For Fidelity accounts log on to your account through this website or call the Fidelity retirement service center at 800-343-0860.

Additional investment and account information - shows details. Click to open.

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®.

Make Updates to My Account

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Update my fund choices to help meet my financial goals. Login now.

Get Help with My Finances

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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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