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Commonwealth of Massachusetts 403(b) Retirement Program
Tax-deferred annuity plans or TDAs are tax-deferred retirement plans available to employees of community colleges, state colleges, universities, and other qualified individuals employed in an educational capacity including the Board of Higher Education.
Choose from the list of investments below.
Below is a performance summary of all the investments in your plan. Click an investment to view quarter-end returns, risks, fees and expenses.
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 |
27.12% |
9.37% |
15.90% |
12.97% |
11.00% |
7.39% |
19.51% |
08/31/2024 |
FID CONTRAFUND K
Inception Date 05/17/1967 |
Stock Investments |
Large Cap |
38.78% |
9.46% |
18.22% |
14.97% |
13.00% |
6.96% |
28.65% |
08/31/2024 |
MFS VALUE R6
Inception Date 01/02/1996 |
Stock Investments |
Large Cap |
15.93% |
6.91% |
10.00% |
9.74% |
10.23% |
7.15% |
15.84% |
07/31/2024 |
PARNASSUS CORE EQ IS
Inception Date 08/31/1992 |
Stock Investments |
Large Cap |
19.59% |
7.84% |
14.12% |
12.77% |
11.49% |
9.10% |
16.01% |
07/31/2024 |
BAIRD MID CAP INST
Inception Date 12/29/2000 |
Stock Investments |
Mid-Cap |
-0.58% |
-3.25% |
8.15% |
9.92% |
8.12% |
1.90% |
-1.01% |
07/31/2024 |
FID LOW PRICED STK K
Inception Date 12/27/1989 |
Stock Investments |
Mid-Cap |
20.85% |
7.56% |
13.91% |
9.34% |
13.10% |
2.76% |
11.78% |
08/31/2024 |
VANG MIDCAP IDX ADM
Inception Date 05/21/1998 |
Stock Investments |
Mid-Cap |
12.33% |
3.13% |
9.96% |
9.81% |
9.91% |
6.22% |
11.88% |
07/31/2024 |
ABF SM CAP VAL R5
Inception Date 12/31/1998 |
Stock Investments |
Small Cap |
13.10% |
8.18% |
11.05% |
8.60% |
10.13% |
11.37% |
7.90% |
07/31/2024 |
BARON SMALL CAP INST
Inception Date 09/30/1997 |
Stock Investments |
Small Cap |
16.06% |
0.11% |
10.37% |
10.74% |
10.34% |
6.70% |
11.20% |
07/31/2024 |
VANG SM CAP IDX ADM
Inception Date 10/03/1960 |
Stock Investments |
Small Cap |
13.44% |
3.22% |
9.60% |
9.34% |
10.57% |
9.52% |
10.19% |
07/31/2024 |
FID INTL DISCOVERY K
Inception Date 12/31/1986 |
Stock Investments |
International |
25.27% |
0.02% |
8.98% |
6.18% |
7.61% |
5.39% |
18.55% |
08/31/2024 |
VANG DEV MKT IDX ADM
Inception Date 08/17/1999 |
Stock Investments |
International |
10.85% |
2.75% |
7.69% |
5.10% |
4.68% |
6.25% |
11.07% |
07/31/2024 |
C&S REAL ESTATE I
Inception Date 09/02/1997 |
Stock Investments |
Specialty |
13.19% |
0.33% |
6.12% |
8.39% |
9.30% |
16.70% |
13.42% |
07/31/2024 |
CALVERT BALANCED I
Inception Date 10/21/1982 |
Blended Investments* |
N/A |
19.02% |
5.37% |
9.47% |
8.39% |
8.19% |
9.49% |
16.20% |
07/31/2024 |
FID FREEDOM 2010 K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
11.25% |
0.53% |
4.47% |
4.60% |
6.05% |
4.26% |
6.41% |
08/31/2024 |
FID FREEDOM 2015 K
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
12.80% |
0.86% |
5.45% |
5.29% |
5.73% |
4.58% |
7.53% |
08/31/2024 |
FID FREEDOM 2020 K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
14.40% |
1.18% |
6.39% |
5.87% |
6.62% |
4.81% |
8.72% |
08/31/2024 |
FID FREEDOM 2025 K
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
15.74% |
1.64% |
7.22% |
6.39% |
6.54% |
5.02% |
9.76% |
08/31/2024 |
FID FREEDOM 2030 K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
16.93% |
2.21% |
8.27% |
7.18% |
7.08% |
5.07% |
10.61% |
08/31/2024 |
FID FREEDOM 2035 K
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
18.90% |
3.14% |
10.03% |
8.17% |
7.48% |
5.13% |
12.08% |
08/31/2024 |
FID FREEDOM 2040 K
Inception Date 09/06/2000 |
Blended Investments* |
N/A |
21.29% |
4.22% |
11.45% |
8.82% |
5.55% |
5.12% |
13.91% |
08/31/2024 |
FID FREEDOM 2045 K
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
22.31% |
4.60% |
11.71% |
8.93% |
7.35% |
5.26% |
14.75% |
08/31/2024 |
FID FREEDOM 2050 K
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
22.34% |
4.62% |
11.71% |
8.93% |
7.25% |
5.27% |
14.75% |
08/31/2024 |
FID FREEDOM 2055 K
Inception Date 06/01/2011 |
Blended Investments* |
N/A |
22.24% |
4.59% |
11.69% |
8.93% |
9.13% |
5.20% |
14.69% |
08/31/2024 |
FID FREEDOM 2060 K
Inception Date 08/05/2014 |
Blended Investments* |
N/A |
22.33% |
4.60% |
11.69% |
8.92% |
9.24% |
5.25% |
14.72% |
08/31/2024 |
FID FREEDOM 2065 K
Inception Date 06/28/2019 |
Blended Investments* |
N/A |
22.20% |
4.61% |
11.67% |
-- |
10.83% |
5.19% |
14.67% |
08/31/2024 |
FID FREEDOM INC K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
9.78% |
0.32% |
3.12% |
3.44% |
4.50% |
4.07% |
5.45% |
08/31/2024 |
FID TOTAL BOND
Inception Date 10/15/2002 |
Bond Investments |
Income |
8.52% |
-1.19% |
1.23% |
2.47% |
4.12% |
4.89% |
4.01% |
08/31/2024 |
VANG INFL PROT ADM
Inception Date 06/29/2000 |
Bond Investments |
Income |
4.44% |
-1.65% |
2.28% |
2.01% |
4.57% |
4.41% |
3.45% |
07/31/2024 |
VANG TOT BD MKT ADM
Inception Date 12/11/1986 |
Bond Investments |
Income |
5.19% |
-2.66% |
0.21% |
1.59% |
5.12% |
5.05% |
3.05% |
07/31/2024 |
FID GOVT MMKT
Inception Date 02/05/1990 7 day yield % as of 07/31/2024: 4.98 ** |
Short-Term Investments |
N/A |
5.10% |
3.14% |
2.03% |
1.35% |
2.66% |
1.26% |
3.37% |
08/31/2024 |
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
First, obtain a Salary Reduction Agreement form from your campus Human Resources office. Use the form to indicate the percentage or dollar amount of your pretax salary you wish to contribute to the Plan. Return the form to Human Resources.
Next, visit http://enrollonline.fidelity.com and follow the prompts, using Plan ID 72439 to enroll.
Through automatic payroll deduction, you may contribute up to 100% of your eligible pay on a pretax basis, up to the annual IRS dollar limits. To change your contribution amount at any time, submit a new Salary Reduction Agreement form to your Benefits Office.
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.
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, 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.
Although your plan account is intended for the future, you may borrow from your account for general purposes or to purchase a home. The Commonwealth of Massachusetts 403(b) allows 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. Any outstanding loan balances from the previous 12 months may reduce the amount you have available to borrow. You then pay the money back into your account, plus interest, through ACH deductions from your bank account.
You may have two loans outstanding at a time. The cost to initiate a loan is $35.00, and there is a quarterly maintenance fee of $3.75. The initiation and maintenance fees will be deducted directly from your individual plan account.
Note: If you fail to repay your loan (based on the original terms of the loan), it will be considered in "default" and treated as a distribution, making it subject to income tax and possibly to a 10% early withdrawal tax penalty. Defaulted loans may also impact your eligibility to request additional loans.
To learn more about or request a loan, log on to www.fidelity.com/atwork or call the Fidelity Representatives 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®.
As a Plan participant, you have the ability to exercise voting, tender, and other similar rights for mutual funds in which you are invested through the Plan. Materials related to the exercise of these rights will be sent at the time of any proxy meeting, tender offer or similar rights relating to the particular mutual funds held in your account.
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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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