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Boston University Supplemental Retirement & Savings Plan
A 403(b) plan that allows eligible employees to save on a tax-deferred basis and Roth after tax basis through salary deduction.
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.
Investing Style: Diversified portfolio within a single fund that shifts its emphasis to more conservative investments as the year of retirement nears.
Target-date funds are designed for participants who prefer a single-fund solution that includes a mix of stocks, bonds, and short-term assets. Each of the funds creates a diversified portfolio within one fund, based on your expected retirement year (the "target date" of the fund).
Through the Plans' fund lineup, you can invest in the Vanguard Target Retirement Funds. The Vanguard Target Retirement 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.
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 |
9.73% |
1.32% |
5.51% |
5.68% |
6.06% |
5.64% |
7.70% |
07/31/2024 |
VANG TARGET RET 2025
Inception Date 10/27/2003 |
Blended Investments |
N/A |
11.16% |
1.96% |
6.51% |
6.40% |
6.71% |
6.36% |
9.30% |
07/31/2024 |
VANG TARGET RET 2030
Inception Date 06/07/2006 |
Blended Investments |
N/A |
12.22% |
2.55% |
7.36% |
6.97% |
6.82% |
6.81% |
10.43% |
07/31/2024 |
VANG TARGET RET 2035
Inception Date 10/27/2003 |
Blended Investments |
N/A |
13.09% |
3.17% |
8.20% |
7.54% |
7.57% |
7.18% |
11.44% |
07/31/2024 |
VANG TARGET RET 2040
Inception Date 06/07/2006 |
Blended Investments |
N/A |
13.97% |
3.76% |
9.02% |
8.07% |
7.55% |
7.45% |
12.32% |
07/31/2024 |
VANG TARGET RET 2045
Inception Date 10/27/2003 |
Blended Investments |
N/A |
14.78% |
4.33% |
9.85% |
8.54% |
8.28% |
7.73% |
13.20% |
07/31/2024 |
VANG TARGET RET 2050
Inception Date 06/07/2006 |
Blended Investments |
N/A |
15.37% |
4.71% |
10.13% |
8.68% |
7.91% |
7.96% |
13.88% |
07/31/2024 |
VANG TARGET RET 2055
Inception Date 08/18/2010 |
Blended Investments |
N/A |
15.35% |
4.72% |
10.12% |
8.66% |
10.20% |
7.97% |
13.89% |
07/31/2024 |
VANG TARGET RET 2060
Inception Date 01/19/2012 |
Blended Investments |
N/A |
15.39% |
4.72% |
10.13% |
8.66% |
10.00% |
7.97% |
13.90% |
07/31/2024 |
VANG TARGET RET 2065
Inception Date 07/12/2017 |
Blended Investments |
N/A |
15.40% |
4.75% |
10.11% |
-- |
9.39% |
7.99% |
13.92% |
07/31/2024 |
VANG TARGET RET 2070
Inception Date 06/28/2022 |
Blended Investments |
N/A |
15.38% |
-- |
-- |
-- |
15.57% |
7.93% |
13.88% |
07/31/2024 |
VANG TARGET RET INC
Inception Date 10/27/2003 |
Blended Investments |
N/A |
8.81% |
0.79% |
4.06% |
4.22% |
4.98% |
5.26% |
6.58% |
07/31/2024 |
Investing Style: A broad selection of equity index funds designed to mirror a market index or benchmark.
Passively managed funds - commonly known as "index funds" - seek to approximate their benchmark's performance, rather than beat their benchmarks. Because the objective is to simply mirror the holdings and return of an index, less research is needed, transactions occur less frequently, and expenses tend to be lower than those of actively managed funds.
Ultimately, index funds are designed to provide exposure to a broad selection of securities at a relatively low cost. While these funds typically perform very similarly to the index they track, you should be aware that index funds cannot be expected to meet or beat the index's performance.
A benchmark is what the investment's returns are compared to in order to measure performance.
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 TOT STK MKT IP
Inception Date 04/27/1992 |
Stock Investments |
N/A |
21.15% |
7.97% |
14.17% |
12.54% |
10.41% |
10.00% |
18.17% |
07/31/2024 |
VANG FTSE SOC IDX IS
Inception Date 01/14/2003 |
Stock Investments |
Large Cap |
22.83% |
8.07% |
14.94% |
13.62% |
7.12% |
10.45% |
18.98% |
07/31/2024 |
VANG TOT INTL STK IS
Inception Date 04/29/1996 |
Stock Investments |
International |
9.83% |
1.73% |
6.77% |
4.50% |
4.97% |
5.97% |
10.75% |
07/31/2024 |
Investing Style: A broad selection of funds that seek to preserve savings and generate income or produce returns that exceed the inflation rate.
The New York Life Guaranteed Fixed Interest Account is a guaranteed fixed-return annuity designed to provide you with a high level of principal stability. In addition, it lets you convert your balance to a guaranteed stream of income when you retire (Any guarantees are subject to the claims paying ability of the issuer).
The remaining funds in Tier 3 focus on income generation and inflation protection for investors who want to produce a growing income distribution while leaving the principal alone or returns that exceed the inflation rate so investors can build future purchasing power and wealth.
Unlike the managers of index funds, the managers of actively managed funds do not attempt to mirror the holdings and performance of an index. These fund managers have flexibility to actively seek out investments that they believe will beat, or exceed, the performance of an index. Since actively managed strategies often involve a great deal of research and because transactions within these funds tend to occur more frequently, actively managed investment options often have higher expense ratios than index funds.
You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.
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 |
|||
PIM INFL RESP MA IS
Inception Date 08/31/2011 |
Blended Investments |
N/A |
7.03% |
2.85% |
6.19% |
3.91% |
3.32% |
3.65% |
5.88% |
07/31/2024 |
|
Bond/Stable Value Inv |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
LOOMIS CORE PL BD Y
Inception Date 11/07/1973 |
Bond/Stable Value Inv |
Income |
4.70% |
-2.31% |
0.91% |
1.91% |
6.46% |
5.06% |
3.11% |
07/31/2024 |
VANG INFL PROT INST
Inception Date 06/29/2000 |
Bond/Stable Value Inv |
Income |
4.51% |
-1.62% |
2.31% |
2.04% |
4.60% |
4.36% |
3.49% |
07/31/2024 |
VANG CR FED MM ADM
Inception Date 10/03/1989 7 day yield % as of 07/31/2024: 5.30 ** |
Short-Term Investments |
Other |
5.44% |
3.26% |
2.23% |
1.63% |
3.00% |
1.34% |
3.56% |
07/31/2024 |
Investing Style: For investors who want additional choice and investment flexibility.
The Plans will continue to offer Fidelity BrokerageLink®, a self-directed brokerage option, that combines the convenience of the BU Retirement Savings Program with the additional flexibility of an individual brokerage account. If you are a more engaged investor looking for additional investment selection and flexibility, a self-directed brokerage account gives you opportunities to invest in a wide range of mutual funds outside of the Plans' investment lineup.
If you open a self-directed brokerage account, keep in mind that you are responsible for selecting and monitoring your investments under the account. Neither Boston University nor the Committee evaluate or monitor the investments available through the self-directed brokerage account. In addition, Fidelity does not offer investment advice for balances in these accounts. It is your responsibility to ensure that the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance.
If you do not feel comfortable actively managing a portfolio of investment options beyond those offered through the Plans' investment lineup, then a self-directed brokerage account may not be appropriate for you.
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You will automatically be enrolled to contribute 3% of your eligible compensation, as defined under the BU Retirement Plan, on a tax-deferred basis. Your first contribution to the plan will commence in the month following your hire date.
Only you contribute to the Supplemental Savings & Retirement Plan. All regular employees working at least 50% of a full-time schedule with at least a nine-month assignment are auto-enrolled to contribute 3%. You may increase the contribution to the IRS maximum amount, or reduce or opt out of making the contribution.
To enroll today, visit the BU enrollment website.
With Roth contributions, you can make after-tax payroll contributions to your plan and withdraw those contributions tax-free (subject to the terms of the plan). Your earnings may also be withdrawn tax-free if you have a qualified distribution. A qualified distribution, in this case, is one that is taken five tax years after the year of your first Roth contribution and also after you have reached age 59˝, become disabled, or died.
Through automatic payroll contributions, you can contribute up to the annual IRS dollar limits.
Unlike a Roth IRA, there are no income limits to be eligible for a Roth 403(b) or 401(k) option within an employer-sponsored retirement plan. Generally, a Roth contribution may be beneficial if you expect your tax rate in retirement will be higher than it had been during the years you contributed.
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.
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 59˝, a 10% early withdrawal tax penalty.
For more information, call the Fidelity Retirement Services Center at 1-800-343-0860.
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. 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.
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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