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Montgomery County Public Schools 403(b) Plan
A 403(b) plan allows eligible employees to save on a tax-deferred 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.
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 |
|||
|
VANG INST TR 2015
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
8.00% |
6.05% |
-- |
-- |
5.23% |
-0.16% |
-8.57% |
02/29/2020 |
|
VANG INST TR 2020
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
7.43% |
6.45% |
-- |
-- |
5.63% |
-1.35% |
-12.44% |
02/29/2020 |
|
VANG INST TR 2025
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
7.14% |
6.80% |
-- |
-- |
5.91% |
-2.09% |
-15.00% |
02/29/2020 |
|
VANG INST TR 2030
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
6.63% |
6.95% |
-- |
-- |
6.03% |
-2.78% |
-17.04% |
02/29/2020 |
|
VANG INST TR 2035
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
6.04% |
7.09% |
-- |
-- |
6.14% |
-3.46% |
-19.02% |
02/29/2020 |
|
VANG INST TR 2040
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
5.48% |
7.21% |
-- |
-- |
6.23% |
-4.10% |
-20.98% |
02/29/2020 |
|
VANG INST TR 2045
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
4.93% |
7.16% |
-- |
-- |
6.25% |
-4.76% |
-22.80% |
02/29/2020 |
|
VANG INST TR 2050
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
4.90% |
7.16% |
-- |
-- |
6.25% |
-4.78% |
-22.77% |
02/29/2020 |
|
VANG INST TR 2055
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
4.92% |
7.15% |
-- |
-- |
6.25% |
-4.77% |
-22.80% |
02/29/2020 |
|
VANG INST TR 2060
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
4.94% |
7.16% |
-- |
-- |
6.24% |
-4.75% |
-22.76% |
02/29/2020 |
|
VANG INST TR 2065
Inception Date 07/12/2017 |
Blended Investments* |
N/A |
4.93% |
-- |
-- |
-- |
6.01% |
-4.82% |
-22.91% |
02/29/2020 |
|
VANG INST TR INCOME
Inception Date 06/26/2015 |
Blended Investments* |
N/A |
8.18% |
5.42% |
-- |
-- |
4.78% |
0.36% |
-6.81% |
02/29/2020 |
When and Why:
Below is a fund line-up for Passive Investing
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 |
|||
|
VANG TOT STK MKT IS
Inception Date 04/27/1992 |
Stock Investments |
Large Cap |
6.79% |
9.28% |
8.70% |
12.49% |
9.59% |
-5.60% |
-24.27% |
02/29/2020 |
|
VANGUARD INST INDEX
Inception Date 07/31/1990 |
Stock Investments |
Large Cap |
8.17% |
9.83% |
9.20% |
12.62% |
9.70% |
-5.51% |
-22.55% |
02/29/2020 |
|
VANG EXT MKT IDX INS
Inception Date 12/21/1987 |
Stock Investments |
Mid-Cap |
0.05% |
6.25% |
6.28% |
11.70% |
10.51% |
-6.49% |
-33.65% |
02/29/2020 |
|
VANG TOT INTL STK IS
Inception Date 04/29/1996 |
Stock Investments |
International |
0.15% |
4.31% |
2.58% |
4.57% |
4.41% |
-5.96% |
-27.07% |
02/29/2020 |
|
VANG TOT BD MKT INST
Inception Date 12/11/1986 |
Bond Investments |
Income |
11.87% |
5.02% |
3.55% |
3.91% |
6.02% |
3.73% |
3.59% |
02/29/2020 |
|
VANG VMMR-FED MMKT
Inception Date 07/13/1981 |
Short-Term Investments |
N/A |
2.02% |
1.63% |
1.06% |
0.54% |
4.12% |
0.38% |
0.35% |
02/29/2020 |
When and Why:
These investment options may be right for the active investor, whether novice or expert, who wants to take the driver's seat when planning for retirement. 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.
| 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 |
|||
|
PARNASSUS CORE EQ IS
Inception Date 08/31/1992 |
Stock Investments |
Large Cap |
9.20% |
10.80% |
9.16% |
12.23% |
10.71% |
-5.66% |
-19.19% |
02/29/2020 |
|
PGIM J SMALL CO R6
Inception Date 11/13/1980 |
Stock Investments |
Small Cap |
-2.92% |
4.15% |
4.64% |
10.22% |
9.52% |
-8.16% |
-40.63% |
02/29/2020 |
|
ARTISAN INTL INST
Inception Date 12/28/1995 |
Stock Investments |
International |
8.58% |
9.75% |
2.97% |
7.43% |
8.82% |
-5.84% |
-24.69% |
02/29/2020 |
|
BAIRD INTERM BD IS
Inception Date 09/29/2000 |
Bond Investments |
Income |
8.98% |
4.09% |
3.18% |
3.80% |
4.87% |
3.04% |
1.37% |
02/29/2020 |
|
LOOMIS CORE PL BD N
Inception Date 11/07/1973 |
Bond Investments |
Income |
11.04% |
5.22% |
3.86% |
5.34% |
6.99% |
3.84% |
1.94% |
02/29/2020 |
When and Why:
Are you interested in investing in options beyond what your plan offers?
A BrokerageLink® includes investments beyond those in your plan's lineup. The plan fiduciary neither evaluates nor monitors the investments available through BrokerageLink®. It is your responsibility to ensure the investments you select are suitable for your situation including your goals, time horizon, and risk tolerance. See the fact sheet and commission schedule for applicable fees and risks.
For more information or to open your own BrokerageLink® account, first ENROLL in your Fidelity workplace retirement plan. Once you have opened your Fidelity account, you can then visit BrokerageLink® Central to review additional information and enroll in the self-directed brokerage account.
Video: Is Fidelity BrokerageLink® Right for Me?
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
A 403(b) is a tax-sheltered retirement savings plan for employees of educational institutions and certain nonprofit organizations. The 403(b) plan provides an opportunity for employees to save for retirement with pre-tax dollars and defer taxation on income and earnings until withdrawal, and provides an important savings supplement to your pension.
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. 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 $75. The initiation fee is deducted directly from your 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. If you default on a loan, you will not be able to request additional loans.
Please call Fidelity at 800-343-0860 to request a loan. Loans cannot be requested online.
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 or unforeseen emergency 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 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
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.
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'.
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.
Young investors - Now is the time to put your best foot forward on your path to financial success.
Use the calculator that matches your plan type to determine your salary deferral amount.
Learn how to manage your account online. How to setup a user name and password, update beneficiaries, update mail preferences, change your contribution amount and change investments.
Call for a consultation to discuss and plan for your retirement needs.
| Fidelity | 800-343-0860 |
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.
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.
4The target date funds are designed for investors expecting to retire around the year indicated in each fund's name. The funds are managed to gradually become more conservative over time as they approach the target date. The investment risk of each target date fund changes over time as the fund's asset allocation changes. The funds are subject to the volatility of the financial markets, including that of equity and fixed income investments in the U.S. and abroad, and may be subject to risks associated with investing in high-yield, small-cap, and foreign securities. Principal invested is not guaranteed at any time, including at or after the funds' target dates.
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