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Montgomery County Retirement Savings Plan (RSP)
A 401(a) plan, also known as a Money Purchase Retirement Savings Plan, is a plan set up by an employer that allows tax-deferred contributions by the employee, the employer, or both.
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 |
|||
SS TRGT RET 2020 W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
11.89% |
1.64% |
5.87% |
5.22% |
8.10% |
4.52% |
8.68% |
08/31/2024 |
SS TRGT RET 2025 W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
14.06% |
1.84% |
7.18% |
6.23% |
9.06% |
5.00% |
10.19% |
08/31/2024 |
SS TRGT RET 2030 W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
16.66% |
2.32% |
8.24% |
6.90% |
9.71% |
5.71% |
11.76% |
08/31/2024 |
SS TRGT RET 2035 W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
17.81% |
2.54% |
8.87% |
7.29% |
10.04% |
5.91% |
12.50% |
08/31/2024 |
SS TRGT RET 2040 W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
18.70% |
2.81% |
9.45% |
7.63% |
10.33% |
5.99% |
13.15% |
08/31/2024 |
SS TRGT RET 2045 W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
19.42% |
3.03% |
9.95% |
7.92% |
10.52% |
6.06% |
13.63% |
08/31/2024 |
SS TRGT RET 2050 W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
20.09% |
3.26% |
10.30% |
8.08% |
10.62% |
6.11% |
14.04% |
08/31/2024 |
SS TRGT RET 2055 W
Inception Date 05/27/2011 |
Blended Investments* |
N/A |
20.22% |
3.30% |
10.33% |
8.10% |
8.74% |
6.12% |
14.13% |
08/31/2024 |
SS TRGT RET 2060 W
Inception Date 04/01/2015 |
Blended Investments* |
N/A |
20.22% |
3.30% |
10.32% |
-- |
8.49% |
6.12% |
14.13% |
08/31/2024 |
SS TRGT RET 2065 W
Inception Date 12/31/2019 |
Blended Investments* |
N/A |
20.15% |
3.28% |
-- |
-- |
9.40% |
6.11% |
14.13% |
08/31/2024 |
SS TRGT RET INC W
Inception Date 06/04/2009 |
Blended Investments* |
N/A |
11.54% |
1.74% |
5.09% |
4.26% |
5.73% |
4.46% |
8.44% |
08/31/2024 |
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.
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 |
|||
CBA SM CAP GR IS
Inception Date 07/01/1998 |
Stock Investments |
N/A |
5.33% |
-8.05% |
6.39% |
8.58% |
10.06% |
3.65% |
3.18% |
08/31/2024 |
FID GROWTH CO POOL A
Inception Date 12/13/2013 |
Stock Investments |
N/A |
34.19% |
7.47% |
23.53% |
18.85% |
19.00% |
5.57% |
27.45% |
08/31/2024 |
FID LOW-PRICED ST K6
Inception Date 05/26/2017 |
Stock Investments |
N/A |
21.09% |
7.97% |
14.05% |
-- |
10.89% |
2.93% |
10.60% |
08/31/2024 |
FID SMALL CAP VALUE
Inception Date 11/03/2004 |
Stock Investments |
N/A |
20.06% |
5.96% |
14.04% |
9.58% |
10.62% |
8.68% |
8.44% |
08/31/2024 |
HARBOR INTL RET
Inception Date 12/29/1987 |
Stock Investments |
N/A |
18.06% |
3.10% |
8.98% |
4.12% |
9.71% |
3.29% |
12.09% |
08/31/2024 |
HTFD DIV & GRTH R6
Inception Date 07/22/1996 |
Stock Investments |
N/A |
21.31% |
8.40% |
13.39% |
10.95% |
10.05% |
4.93% |
13.80% |
08/31/2024 |
SS GACEQ EX-US IDX K
Inception Date 03/16/2011 |
Stock Investments |
N/A |
17.74% |
1.89% |
7.79% |
4.71% |
5.37% |
4.44% |
11.99% |
08/31/2024 |
SS RSL SMMDCP IDX K
Inception Date 08/01/1997 |
Stock Investments |
N/A |
20.80% |
0.15% |
11.11% |
9.16% |
8.47% |
6.52% |
11.20% |
08/31/2024 |
SS S&P 500 INDEX K
Inception Date 02/28/1996 |
Stock Investments |
N/A |
27.11% |
9.37% |
15.89% |
12.96% |
9.84% |
7.39% |
21.19% |
08/31/2024 |
FID STR REAL RET K6
Inception Date 09/07/2005 |
Blended Investments* |
N/A |
7.74% |
3.50% |
5.72% |
3.26% |
3.55% |
1.83% |
7.34% |
08/31/2024 |
FID TOTAL BOND K6
Inception Date 05/25/2017 |
Bond Investments |
N/A |
8.25% |
-1.18% |
1.29% |
-- |
2.28% |
4.79% |
5.16% |
08/31/2024 |
MIP II CL 2
Inception Date 04/20/1993 7 day yield % as of 08/31/2024: 2.41 ** |
Bond Investments |
N/A |
2.17% |
1.71% |
1.73% |
1.72% |
3.44% |
0.60% |
1.69% |
08/31/2024 |
SS US BOND INDEX K
Inception Date 10/01/1997 |
Bond Investments |
N/A |
7.26% |
-2.14% |
-0.06% |
1.63% |
4.13% |
4.78% |
4.53% |
08/31/2024 |
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
Participate in the Retirement Savings Plan. If you have not elected to participate in a retirement plan, you will be automatically enrolled in the Retirement Savings Plan. Full-time regular employees retirement plan membership begins the first full pay period 180 days from your date of hire as a full-time employee. If you are a part-time employee, participation in a retirement plan is optional. However, once a part-time employee enrolls in a retirement plan, participation cannot be discontinued. If you elect to participate, part-time employee retirement plan membership begins the later of the first full pay period 30 days from the date of completing Montgomery County's Retirement Plan Election Form for Eligible Part-Time Employees or 180 days from date of hire as an employee. (Contact the County Office of Human Resources at (240) 777-5120 for this form.)
Your contribution amount is mandatory and cannot be changed. Your contribution is 4% of your regular earnings (excluding overtime pay) on a pretax basis up to the Social Security Wage Base (SSWB), then 8% thereafter. The SSWB is the maximum amount of earnings that can be used to compute benefits and is subject to FICA taxes. (Any amount over the SSWB is not subject to FICA withholding.) If you are a public safety employee, you contribute 3% of your regular earnings (excluding overtime pay) on a before-tax basis. You contribute 6% on any amounts over the SSWB.
The County contributes 8% of your regular earnings for non-public safety (excluding overtime pay) and 10% of regular earnings (excluding overtime pay) for public safety employees.
You are always 100% vested in your contributions, any rollover contributions, and any earnings on these amounts. You become vested in your employer's contributions upon:
- three years of County service, if hired before July 1, 2009
- three years of membership in a County retirement plan, if hired on or after July 1, 2009
- disability (as defined by the Long Term Disability Plan)
- attainment of age 62
- your death
You are generally allowed to withdraw money from your plan when you terminate employment. For more information, call the Fidelity Retirement Services Center at 1-800-343-0860.
Note: The taxable portion of your withdrawal that is eligible for rollover into an individual retirement account (IRA) or another employer's retirement plan is subject to 20% mandatory federal income tax withholding, unless it is directly rolled over to an IRA or another employer plan. (You may owe more or less when you file your income taxes.) If you are under age 59˝, the taxable portion of your withdrawal is also subject to a 10% early withdrawal penalty, unless you qualify for an exception to this rule. The plan document and current tax laws and regulations will govern in case of a discrepancy. 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.
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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