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GVSU 457(B) PLAN
A 457(b) plan allows eligible employees to defer compensation to the future, lowering current taxable income and offering potential tax-deferred growth.
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.
To view a performance summary of all the investments in your plan available through TIAA, click here.
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 |
|||
|
JPM SMRTRET 2020 R5
Inception Date 05/15/2006 |
Blended Investments* |
N/A |
4.44% |
0.21% |
3.05% |
3.92% |
4.86% |
-5.72% |
7.60% |
10/31/2023 |
|
JPM SMRTRET 2025 R5
Inception Date 07/31/2007 |
Blended Investments* |
N/A |
5.29% |
1.31% |
3.85% |
4.59% |
4.90% |
-6.50% |
8.69% |
10/31/2023 |
|
JPM SMRTRET 2030 R5
Inception Date 05/15/2006 |
Blended Investments* |
N/A |
6.46% |
2.46% |
4.58% |
5.20% |
5.72% |
-7.36% |
10.24% |
10/31/2023 |
|
JPM SMRTRET 2035 R5
Inception Date 07/31/2007 |
Blended Investments* |
N/A |
7.42% |
4.11% |
5.67% |
5.87% |
5.72% |
-8.00% |
11.84% |
10/31/2023 |
|
JPM SMRTRET 2040 R5
Inception Date 05/15/2006 |
Blended Investments* |
N/A |
8.38% |
5.16% |
6.33% |
6.34% |
6.49% |
-8.42% |
12.97% |
10/31/2023 |
|
JPM SMRTRET 2045 R5
Inception Date 07/31/2007 |
Blended Investments* |
N/A |
8.93% |
6.01% |
6.79% |
6.58% |
6.28% |
-8.86% |
13.71% |
10/31/2023 |
|
JPM SMRTRET 2050 R5
Inception Date 07/31/2007 |
Blended Investments* |
N/A |
9.09% |
6.00% |
6.79% |
6.58% |
6.29% |
-9.04% |
14.04% |
10/31/2023 |
|
JPM SMRTRET 2055 R5
Inception Date 01/31/2012 |
Blended Investments* |
N/A |
9.07% |
6.01% |
6.82% |
6.60% |
8.15% |
-8.98% |
13.94% |
10/31/2023 |
|
JPM SMRTRET 2060 R5
Inception Date 08/31/2016 |
Blended Investments* |
N/A |
9.01% |
6.03% |
6.79% |
-- |
7.15% |
-9.01% |
13.88% |
10/31/2023 |
|
JPM SMRTRET 2065 R5
Inception Date 11/01/2022 |
Blended Investments* |
N/A |
-- |
-- |
-- |
-- |
9.08% |
-8.54% |
13.86% |
10/31/2023 |
|
JPM SMRTRET INC R5
Inception Date 05/15/2006 |
Blended Investments* |
N/A |
4.46% |
0.06% |
2.81% |
3.22% |
4.24% |
-5.76% |
7.62% |
10/31/2023 |
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 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.
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.
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 |
|||
|
FID 500 INDEX
Inception Date 02/17/1988 |
Stock Investments |
Large Cap |
10.14% |
10.35% |
11.00% |
11.17% |
10.31% |
-8.24% |
20.31% |
10/31/2023 |
|
FID CONTRAFUND
Inception Date 05/17/1967 |
Stock Investments |
Large Cap |
22.90% |
7.30% |
12.06% |
12.09% |
12.43% |
-5.02% |
33.91% |
10/31/2023 |
|
FID GROWTH COMPANY
Inception Date 01/17/1983 |
Stock Investments |
Large Cap |
19.66% |
6.29% |
16.23% |
15.54% |
13.76% |
-10.63% |
39.05% |
10/31/2023 |
|
NB SUSTAIN EQ I
Inception Date 03/16/1994 |
Stock Investments |
Large Cap |
11.70% |
9.51% |
9.54% |
9.25% |
9.30% |
-5.64% |
19.80% |
10/31/2023 |
|
TRP LARGE-CAP VAL I
Inception Date 03/31/2000 |
Stock Investments |
Large Cap |
-1.13% |
11.80% |
7.04% |
7.95% |
7.80% |
-8.64% |
3.06% |
10/31/2023 |
|
AM CENT MD CP VAL I
Inception Date 03/31/2004 |
Stock Investments |
Mid-Cap |
-2.82% |
10.04% |
6.83% |
7.97% |
9.27% |
-10.52% |
-0.08% |
10/31/2023 |
|
AMG TS MID CAP GTH Z
Inception Date 03/04/2005 |
Stock Investments |
Mid-Cap |
4.55% |
4.45% |
10.11% |
9.71% |
9.84% |
-9.61% |
16.00% |
10/31/2023 |
|
FID EXTD MKT IDX
Inception Date 11/05/1997 |
Stock Investments |
Mid-Cap |
-1.15% |
2.30% |
5.38% |
6.92% |
7.49% |
-14.46% |
12.98% |
10/31/2023 |
|
FID LOW PRICED STK
Inception Date 12/27/1989 |
Stock Investments |
Mid-Cap |
3.81% |
12.17% |
8.41% |
7.75% |
12.58% |
-7.22% |
6.44% |
10/31/2023 |
|
CRLN E SM CAP GR R5
Inception Date 05/07/1993 |
Stock Investments |
Small Cap |
-8.11% |
-3.65% |
2.19% |
5.28% |
8.95% |
-14.40% |
4.68% |
10/31/2023 |
|
DFA US SM CAP VALUE
Inception Date 03/02/1993 |
Stock Investments |
Small Cap |
-2.49% |
19.27% |
7.16% |
6.79% |
10.67% |
-11.68% |
6.43% |
10/31/2023 |
|
FID SM CAP DISCOVERY
Inception Date 09/26/2000 |
Stock Investments |
Small Cap |
1.76% |
11.77% |
7.21% |
6.07% |
9.52% |
-13.87% |
9.50% |
10/31/2023 |
|
AF EUROPAC GROWTH R5
Inception Date 04/16/1984 |
Stock Investments |
International |
10.37% |
-0.71% |
4.40% |
3.89% |
9.69% |
-11.84% |
10.49% |
10/31/2023 |
|
DODGE & COX INT SK X
Inception Date 05/01/2001 |
Stock Investments |
International |
14.14% |
11.08% |
4.69% |
3.10% |
6.39% |
-10.70% |
11.32% |
10/31/2023 |
|
BLKRK GLOBAL ALLOC I
Inception Date 02/03/1989 |
Blended Investments* |
N/A |
3.87% |
1.12% |
4.63% |
3.95% |
8.77% |
-7.37% |
7.76% |
10/31/2023 |
|
FID CAPITAL & INCOME
Inception Date 11/01/1977 |
Bond Investments |
Income |
5.73% |
4.89% |
5.56% |
5.56% |
9.20% |
-2.97% |
9.31% |
10/31/2023 |
|
FID ST TR BD IDX
Inception Date 12/20/2005 |
Bond Investments |
Income |
2.36% |
-1.83% |
0.86% |
0.72% |
1.97% |
0.00% |
3.00% |
10/31/2023 |
|
FID US BOND IDX
Inception Date 03/08/1990 |
Bond Investments |
Income |
0.34% |
-5.57% |
-0.07% |
0.85% |
4.87% |
-4.72% |
2.13% |
10/31/2023 |
|
PIM TOTAL RT INST
Inception Date 05/11/1987 |
Bond Investments |
Income |
0.94% |
-5.51% |
-0.08% |
0.96% |
6.05% |
-4.88% |
2.52% |
10/31/2023 |
|
FID GOV CASH RESERVE
Inception Date 05/10/1979 7 day yield % as of 10/31/2023: 5.02 ** |
Short-Term Investments |
N/A |
4.52% |
1.74% |
1.54% |
0.96% |
4.36% |
1.26% |
4.33% |
10/31/2023 |
Are you interested in investing in options beyond what your plan offers in the standard lineup?
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 your employer.
You are eligible to enroll in the plan immediately. 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. Please consider maximizing contribution to the GVSU 403(b) Plan before enrolling in the GVSU 457(b) Plan.
When you enroll in the Plan in NetBenefits, you can choose where you want your contributions directed and your retirement provider(s). Review your Investment Options and then select Enroll Now to complete the account opening steps. You have online access virtually 24/7 to make changes to your retirement savings account.
When you enroll, you will be asked to identify your beneficiary or beneficiaries who will inherit your account in the event of your death. You can update this information anytime by logging into NetBenefits.
Decide how much of your salary you'd like to save in your workplace retirement savings plan. Please consider maximizing contribution to the GVSU 403(b) Plan before enrolling in the GVSU 457(b) Plan. For help, use our 457(b) Contribution Calculator to determine the maximum amount of your salary you can contribute. Try now.
You can choose to direct 100% of your deferral election to one provider or split your deferral election to contribute a portion to each retirement provider. For example, you can elect to direct 50% to Fidelity and the other 50% to TIAA. Or you can elect any other split you prefer as long as the total equals 100%.
If you are age 50 or older, you have the ability to make "catch-up contributions" to your plan, up to the current IRS dollar limits.
Try the Contribution Maximizer tool. This tool is designed to help you maximize your contributions by calculating amounts and looking at IRS limits.
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 after you have reached age 59½, become disabled, or died.
Through automatic payroll contributions, you can contribute as little as $15 and as much as 75% of your eligible pay as designated Roth contributions, up to the annual IRS dollar limits.
Unlike a Roth IRA, there are no income limits to be eligible for a Roth 403(b) 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.
For information about a Roth conversion, please call a financial professional at 1-800-343-0860.
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.
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.
If you have an account with Fidelity, login to Fidelity NetBenefits®, 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 have an account with TIAA, you can update your beneficiaries online at TIAA.org or call 800-842-2776.
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 an unforeseen emergency 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 800-343-0860.
If you have an account with TIAA, you can call 800-842-2776.
Although your plan account is intended for the future, you may borrow from your account for any reason. Generally, plan rules allow 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.
Please contact your investment service provider directly for more information on taking a loan from your Plan.
Fidelity: Call 800-343-0860 or log in to your account by entering your username and password at the top of the website.
TIAA: Call 800-842-2776 or log in to your account by selecting TIAA in the drop down box at the top of the page under Your Account and follow the prompts to the TIAA website.
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 or TIAA representative today. They can explain each option in greater detail so you can make the best choice for your specific needs.
Fidelity: Call 800-343-0860 or log in to your account by entering your username and password at the top of this website.
TIAA: Call 800-842-2776 or log in to your account by selecting TIAA in the drop down box at the top of the page under Your Account and follow the prompts to the TIAA website.
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 800-343-0860 to speak with a representative or use the automated voice response system.
TIAA: Call 800-842-2776 or log in to your account by selecting TIAA in the drop down box at the top of the page under Your Account and follow the prompts to the TIAA website.
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| Fidelity | 1-800-343-0860 |
| TIAA | 1-800-842-2776 |
The providers above are independent entities and are not legally affiliated.
Schedule time with a financial professional to get help with your financial goals.
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.
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.
3 In 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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