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.
Deferred Retirement Option Plan (DROP)
To determine eligibility, please contact FPPA. If eligible, members can participate in DROP for a maximum of five (5) years. Your enrollment becomes effective once your completed retirement application, available from FPPA, is approved and you elect your benefit payment option, if applicable.
Explore your investment options below based on your desired level of investment involvement. At any time, you may use investments from any and all categories below.
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 |
|||
|
VANGUARD TARGET 2020
Inception Date 06/22/2007 |
Blended Investments* |
N/A |
-7.99% |
3.14% |
3.73% |
5.77% |
4.89% |
-0.45% |
3.39% |
02/28/2023 |
|
VANGUARD TARGET 2025
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-8.25% |
4.06% |
4.20% |
6.40% |
5.10% |
-0.47% |
3.45% |
02/28/2023 |
|
VANGUARD TARGET 2030
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-8.33% |
4.93% |
4.58% |
6.94% |
5.28% |
-0.49% |
3.47% |
02/28/2023 |
|
VANGUARD TARGET 2035
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-8.20% |
5.94% |
5.01% |
7.51% |
5.57% |
-0.42% |
3.47% |
02/28/2023 |
|
VANGUARD TARGET 2040
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-8.10% |
6.90% |
5.41% |
7.99% |
5.92% |
-0.40% |
3.44% |
02/28/2023 |
|
VANGUARD TARGET 2045
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-7.95% |
7.88% |
5.83% |
8.29% |
6.08% |
-0.37% |
3.40% |
02/28/2023 |
|
VANGUARD TARGET 2050
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-7.88% |
8.01% |
5.91% |
8.32% |
6.13% |
-0.34% |
3.36% |
02/28/2023 |
|
VANGUARD TARGET 2055
Inception Date 08/31/2010 |
Blended Investments* |
N/A |
-7.87% |
8.01% |
5.91% |
8.31% |
9.57% |
-0.35% |
3.37% |
02/28/2023 |
|
VANGUARD TARGET 2060
Inception Date 03/01/2012 |
Blended Investments* |
N/A |
-7.83% |
8.04% |
5.93% |
8.34% |
8.51% |
-0.35% |
3.39% |
02/28/2023 |
|
VANGUARD TARGET 2065
Inception Date 07/17/2017 |
Blended Investments* |
N/A |
-7.81% |
8.03% |
5.94% |
-- |
7.63% |
-0.36% |
3.40% |
02/28/2023 |
|
VANGUARD TARGET 2070
Inception Date 04/07/2022 |
Blended Investments* |
N/A |
-- |
-- |
-- |
-- |
-7.85% |
-0.38% |
-- |
02/28/2023 |
|
VANGUARD TARGET INC
Inception Date 06/22/2007 |
Blended Investments* |
N/A |
-7.75% |
1.18% |
2.79% |
3.69% |
4.33% |
-0.44% |
3.36% |
02/28/2023 |
A managed account is designed for people who prefer to have Fidelity manage their money for them, so they can focus on other aspects of their life.
Your employer gives you the opportunity to have a team of Fidelity professionals propose an investment strategy aligned to your personal goals and situation. Fidelity® Personalized Planning & Advice monitor your investments, and make adjustments as your life and the world around you changes-helping to keep you on track to retirement. This service provides discretionary money management for a fee and you may cancel at any time with no cancellation fee.
Learn more and get a free review of your portfolio by speaking with a Fidelity representative at 866-811-6041.
Fidelity® Personalized Planning & Advice at Work is a service of Fidelity Personal and Workplace Advisors LLC and Strategic Advisers LLC. Both are registered investment advisers, are Fidelity Investments companies and may be referred to as "Fidelity," "we," or "our" within. For more information, refer to the Terms and Conditions of the Program. When used herein, Fidelity Personalized Planning & Advice refers exclusively to Fidelity Personalized Planning & Advice at Work.
This service provides advisory services for a fee.
When and Why:
Do you have time and interest in choosing your own investments and managing your portfolio's diversification on an ongoing basis?
Each investment option is managed to achieve specific objectives, including a certain balance of risk and potential returns. For more information on any investment option listed below, simply click on its name.
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 |
|||
|
ABF LG CAP VALUE R6
Inception Date 07/17/1987 |
Stock Investments |
Large Cap |
-0.87% |
13.80% |
8.01% |
10.09% |
9.36% |
-1.97% |
-4.27% |
02/28/2023 |
|
FID GROWTH CO K
Inception Date 01/17/1983 |
Stock Investments |
Large Cap |
-15.68% |
14.91% |
12.81% |
16.67% |
13.67% |
-0.33% |
12.52% |
02/28/2023 |
|
FID TOTAL MKT IDX
Inception Date 11/05/1997 |
Stock Investments |
Large Cap |
-8.22% |
11.66% |
9.31% |
11.79% |
7.91% |
-1.65% |
3.43% |
02/28/2023 |
|
ARTISAN MID CAP INST
Inception Date 06/27/1997 |
Stock Investments |
Mid-Cap |
-17.51% |
7.49% |
9.25% |
10.71% |
12.72% |
2.48% |
7.80% |
02/28/2023 |
|
JH DSCPL VAL MDCP R6
Inception Date 06/02/1997 |
Stock Investments |
Mid-Cap |
-0.47% |
14.62% |
8.06% |
11.37% |
9.98% |
1.15% |
-2.91% |
02/28/2023 |
|
BNYM SM CAP VAL I
Inception Date 02/01/2000 |
Stock Investments |
Small Cap |
-0.89% |
14.31% |
8.18% |
9.34% |
10.83% |
0.58% |
-3.63% |
02/28/2023 |
|
HOOD RIVER SMCP GR I
Inception Date 01/02/2003 |
Stock Investments |
Small Cap |
-10.82% |
17.91% |
11.71% |
13.60% |
12.25% |
-0.22% |
1.33% |
02/28/2023 |
|
AF EUROPAC GROWTH R6
Inception Date 04/16/1984 |
Stock Investments |
International |
-8.47% |
4.73% |
2.16% |
5.57% |
9.92% |
1.38% |
5.57% |
02/28/2023 |
|
AF NEW PERSPECT R6
Inception Date 03/13/1973 |
Stock Investments |
International |
-9.89% |
9.96% |
8.10% |
10.47% |
12.00% |
0.65% |
6.42% |
02/28/2023 |
|
FID INTL SM CAP OPP
Inception Date 08/02/2005 |
Stock Investments |
International |
-10.45% |
5.74% |
2.57% |
7.55% |
6.25% |
1.73% |
4.00% |
02/28/2023 |
|
FID TOTAL INTL IDX
Inception Date 06/07/2016 |
Stock Investments |
International |
-7.36% |
5.21% |
1.75% |
-- |
5.12% |
1.69% |
3.25% |
02/28/2023 |
|
INVS DEVELOP MKT R6
Inception Date 11/18/1996 |
Stock Investments |
International |
-9.63% |
-1.38% |
-1.35% |
2.21% |
9.80% |
2.72% |
9.08% |
02/28/2023 |
|
TRP STABLE VALUE A
Inception Date 09/12/1988 |
Bond Investments |
Stable Value |
1.79% |
1.83% |
1.96% |
1.94% |
4.44% |
0.51% |
0.47% |
02/28/2023 |
|
DODGE & COX INCOME X
Inception Date 01/03/1989 |
Bond Investments |
Income |
-6.62% |
-1.50% |
1.62% |
2.19% |
5.96% |
1.00% |
3.03% |
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 |
|
MKS HIGH YIELD BOND
Inception Date 02/28/2017 |
Bond Investments |
Income |
-3.47% |
2.46% |
3.64% |
-- |
3.82% |
1.95% |
2.20% |
02/28/2023 |
|
PIM GLB BD OP US$H I
Inception Date 10/02/1995 |
Bond Investments |
Income |
-3.21% |
0.18% |
1.73% |
2.65% |
5.56% |
0.95% |
1.97% |
02/28/2023 |
|
FIMM GOVT CL I
Inception Date 07/25/1985 7 day yield % as of 02/28/2023: 4.46 ** 7 day restated yield % as of 02/28/2023: 4.42 *** |
Short-Term Investments |
N/A |
2.18% |
0.76% |
1.23% |
0.73% |
3.29% |
1.02% |
0.99% |
02/28/2023 |
Are you interested in investing in options beyond what your plan offers?
A self-directed brokerage account allows you to make investments beyond those offered in your workplace retirement savings plan.
For more information or to open a self-directed brokerage account, first enroll in your Fidelity workplace retirement savings plan. Then visit www.netbenefits.com > Quick Links > BrokerageLink where you can open an account or review additional information, including the commission schedule for applicable fees and risks.
BrokerageLink includes investments beyond those in your plan's lineup. You should compare investments and share classes that are available in your plan's lineup with those available through BrokerageLink, and determine the available investment and share class that is appropriate for your situation. The plan fiduciary neither evaluates nor monitors the investments available through BrokerageLink. It is your responsibility to ensure that the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance.
Learn the plan basics - including eligibility - of each retirement savings plan offered by FPPA.
To determine eligibility, please contact FPPA. If eligible, members can participate in DROP for a maximum of 5 years.
Members of the Statewide Defined Benefit Plan or the Statewide Hybrid Plan - Defined Benefit and Money Purchase Components must be eligible for normal or early retirement or a vested retirement and be age 55 in order to participate in the DROP.
Members of the Colorado Springs New Hire Pension Plan Police Component must be eligible for normal retirement.
Members of the Colorado Springs New Hire Pension Plan Fire Component must be eligible for normal retirement or be at least age 50 and the sum of the members age and years of service equal to at least 75.
Old hire members must be eligible for normal retirement in order to participate in the DROP.
Your enrollment becomes effective once your completed retirement application, available from FPPA, is approved and you elect your benefit payment option, if applicable.
Contributions into the DROP account vary for each individual participant. Total contributions come from two different sources; the amount of your defined benefit pension and your member contribution rate. A member cannot make additional voluntary contributions into their DROP account.
If you are a member of the Statewide Defined Benefit Plan, the Statewide Hybrid Plan - Defined Benefit and Money Purchase Components, or the Colorado Springs New Hire Pension Plan and want to participate in the DROP, complete a retirement application available from FPPA and, if applicable,* elect your benefit payment option. The benefit payment option elected will determine the pension amount that is paid into the DROP each month. During this period of time your retirement benefit and member pension contributions are paid into the DROP account. The employers pension contributions cease once you enter the DROP. While participating in the DROP, you do not earn additional service credit toward retirement in the defined benefit plan. If you have a Separate Retirement Account (SRA), no further contributions will be made to that account.
* Payment options are not available in the Colorado Springs New Hire Pension Plan, Police Or Fire Component
FPPA has teamed up with Fidelity to offer a valuable managed account service that lets you delegate the day to day management of your workplace savings plan account to professional investment managers. Fidelity's experienced professionals evaluate the investment options available in your plan and identify a model portfolio of investments appropriate for an investor like you. The service then invests your account to align with this model portfolio and provides ongoing management of your account to address changes in the markets, your plan's investment lineup, and changes in your personal or financial situation. With a managed account, you can take advantage of Fidelity's resources and experience to help ensure that:
To see if Fidelity® Personalized Planning & Advice is right for you, log on to your NetBenefits® account at the top of the page where you can easily enroll in the Service and learn more.
Fidelity® Personalized Planning & Advice at Work is a service of Fidelity Personal and Workplace Advisors LLC and Strategic Advisers LLC. Both are registered investment advisers and Fidelity Investments companies and may be referred to as "Fidelity," "we," or "our" within. For more information, refer to the Terms and Conditions of the Program. When used herein, Fidelity Personalized Planning & Advice refers exclusively to Fidelity Personalized Planning & Advice at Work. This service provides advisory services for a fee.
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 the DROP, as well as any earnings on them.
Members of the Statewide Defined Benefit Plan, Statewide Hybrid Plan - Defined Benefit and Money Purchase Components, or the Colorado Springs New Hire Pension Plan should contact the FPPA to make beneficiary changes for your retirement benefit. Changing your retirement beneficiary could impact the amount of pension being paid into your DROP account.
The beneficiary for your defined benefit pension is independent from the beneficiary elected for your DROP account.
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'.
If you do not have access to the Internet or prefer to complete your beneficiary information by paper form, please call 1-800-343-0860. Please note, beneficiary designations made with Fidelity are only valid for your FPPA accounts with Fidelity. You must contact FPPA directly to change your beneficiary for any of your other FPPA-related benefits.
At the end of the specified period of time, but not to exceed 5 years, you cease employment and have access to the amount accumulated in the DROP account. Withdrawals from your account are allowed only when you separate from service. You may defer taking a distribution to a later date not to exceed age 72. Upon your death, payment is made to your beneficiary. Your DROP payments are in addition to your retirement benefits. Your distributions may be taken in a lump sum, periodic payments, or a combination of a lump sum with the remainder in periodic payments.
Members in the Statewide Defined Benefit Plan and the Statewide Hybrid Plan - Defined Benefit and Money Purchase Components also have the option to convert all or a portion of their DROP balance to a monthly lifetime benefit. If applicable, the same benefit option chosen for your defined benefit plan will apply to this monthly lifetime benefit. The same benefit adjustment that is applied to your defined benefit plan will apply also. If you want to convert all or a portion of your DROP funds to a monthly lifetime benefit, you must make this decision at the time you exit DROP.
For more information on the purchase of a monthly lifetime benefit call FPPA at 303-770-3772 or 1-800-332-3772. For other inquiries, call the Fidelity Retirement Services Center at 1-800-343-0860.
Note: Be sure you understand the tax consequences and your plan's rules for distributions before you initiate a distribution. You may want to consult your tax advisor about your situation.
The DROP accepts rollovers from other eligible workplace savings plans. If you have other workplace savings plan accounts, or if you have IRAs, you may be able to transfer your balances directly into your DROP account. Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets. Of course, you should consult your tax advisor and carefully consider the impact of making a rollover contribution to your FPPA plan, because it could affect your eligibility for future special tax treatments. Call the Fidelity Retirement Benefits Line at 1-800-343-0860 or log on to Fidelity NetBenefits for details.
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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