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Mercy Health MyRetirement 401(k) Plan
A 401(k) plan allows eligible employees to save on a tax-deferred basis through salary deduction.
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 |
|||
VANG INST INDEX PLUS
Inception Date 07/31/1990 |
Stock Investments |
Large Cap |
24.53% |
9.99% |
15.03% |
12.85% |
10.63% |
4.28% |
12.97% |
06/30/2024 |
VANG EXT MKT IDX ISP
Inception Date 12/21/1987 |
Stock Investments |
Mid-Cap |
14.99% |
-2.45% |
8.72% |
8.28% |
10.46% |
-3.42% |
3.42% |
06/30/2024 |
ARTISAN SMALL CAP IS
Inception Date 03/28/1995 |
Stock Investments |
Small Cap |
5.28% |
-9.30% |
5.02% |
9.17% |
9.01% |
-4.38% |
1.53% |
06/30/2024 |
CALVERT SMALL CAP R6
Inception Date 10/01/2004 |
Stock Investments |
Small Cap |
5.02% |
0.59% |
6.46% |
7.98% |
7.43% |
-4.83% |
6.11% |
06/30/2024 |
DODGE & COX INT SK X
Inception Date 05/01/2001 |
Stock Investments |
International |
8.82% |
3.64% |
6.76% |
3.54% |
6.89% |
0.04% |
2.91% |
06/30/2024 |
NINETY ONE EM EQ I
Inception Date 11/28/2018 |
Stock Investments |
International |
14.90% |
-5.14% |
2.68% |
-- |
3.79% |
6.45% |
5.11% |
06/30/2024 |
VANG TOT INTL STK IP
Inception Date 04/29/1996 |
Stock Investments |
International |
11.01% |
0.37% |
5.79% |
4.06% |
4.89% |
0.80% |
3.94% |
06/30/2024 |
WCM FCSD INTL GR IS
Inception Date 05/31/2011 |
Stock Investments |
International |
12.22% |
-1.12% |
9.14% |
9.07% |
8.68% |
-1.38% |
5.80% |
06/30/2024 |
BR EVENT DRVN EQ IS
Inception Date 12/19/2007 |
Stock Investments |
Specialty |
5.47% |
1.61% |
3.34% |
4.41% |
5.05% |
-0.50% |
1.60% |
06/30/2024 |
BAIRD AGGR BOND INST
Inception Date 09/29/2000 |
Bond Investments |
Income |
3.69% |
-2.73% |
0.24% |
1.75% |
4.24% |
0.24% |
3.74% |
06/30/2024 |
VANG INFL PROT INST
Inception Date 06/29/2000 |
Bond Investments |
Income |
2.75% |
-1.40% |
2.00% |
1.86% |
4.53% |
0.85% |
3.38% |
06/30/2024 |
VANG TOT BD MK IS PL
Inception Date 12/11/1986 |
Bond Investments |
Income |
2.78% |
-2.99% |
-0.18% |
1.35% |
5.06% |
0.18% |
3.21% |
06/30/2024 |
JPM US GOVT MM CAP
Inception Date 06/14/1993 7 day yield % as of 06/30/2024: 5.20 ** |
Short-Term Investments |
N/A |
5.33% |
3.04% |
2.08% |
1.43% |
2.51% |
1.30% |
3.11% |
06/30/2024 |
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 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. To enroll, visit the Get Started page or call 800-343-0860.
If you have not made a deferral election for the Plan after 30 days you will be automatically enrolled at a pre-tax contribution rate of 6%. You may opt out of this enrollment by logging in to your account and changing the deferral election to the percentage you prefer or to 0% if you do not wish to contribute to the plan.
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. Auto enrollment contributions will typically begin in the pay period following 30 days of employment.
You can contribute from 1 to 75% of your pay to the Plan on a pre-tax basis, a Roth basis or a combination of both.
In addition, you can automatically increase your retirement savings plan contributions each year through the Annual Increase Program. You can sign up by logging on to Fidelity NetBenefits® at MyRetirementProgram.com and clicking on "Contributions" or by calling 1-800-343-0860.
Mercy helps you get retirement ready by making 2 annual contributions: the Match Contribution and the Service Contribution. To be eligible for these contributions, coworkers must be credited with working at the rate of 1,000 hours per year (roughly 20 hours per week and employed on December 15th of the calendar year). Both are made annually in February for the prior calendar year.
Match Contribution: When You Contribute |
Mercy Will Match |
1% |
0.5% |
2% |
1% |
3% |
1.5% |
4% |
2% |
5% |
2.25% |
6% |
2.5% |
Service Contribution: This contribution is based on a percentage of your salary for the year and is available to all eligible co-workers, even if you do not contribute to the Plan.
If Your Benefit Service Is |
Mercy Will Contribute % of Your Pay |
1 - 4.99 years |
1% |
5 - 9.99 years |
2% |
10 - 14.99 years |
3% |
15 or more years |
4% |
For those co-workers hired before 7/1/2011:
If Your Benefit Service Is |
Mercy Will Contribute % of Your Pay |
Less than 3 |
1% |
3 - 4 years |
1.5% |
5 - 9 years |
2% |
10 - 14 years |
3% |
15 - 19 years |
4% |
20 - 24 years |
5% |
25 - 29 years |
7% |
30 + years |
9% |
Minimum Service Contribution: The Service Contribution will be the greater of the percent of pay in the previous table and the amount in the table below, prorated if you've worked part time or a partial year.
If Your Benefit Service Is |
Mercy Will Contribute |
Less than 3 years |
$440 |
3 - 4 years |
$550 |
5 - 9 years |
$660 |
10 - 14 years |
$880 |
15 + years |
$1,100 |
For co-workers hired before 7/1/2011:
If Your Benefit Service Is |
Mercy Will Contribute |
Less than 3 |
$440 |
3 - 4 years |
$550 |
5 - 9 years |
$660 |
10 - 14 years |
$880 |
15 - 19 years |
$1,100 |
20 - 24 years |
$1,320 |
25 - 29 years |
$1,760 |
30 + years |
$2,200 |
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 from 0 to 75% of your eligible pay as designated Roth contributions, up to the annual IRS dollar limits. You may contribute a combination of pre-tax and Roth contributions to your plan provided the total of both deferrals does not equal more than 75%.
Unlike a Roth IRA, there are no income limits to be eligible for a Roth 401(k) 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 Fidelity Retirement Planner at 1-800-642-7131.
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
You have access to a range of investment choices in your plan, including conservative, moderately conservative, and aggressive funds. We encourage you to take an active role in your plan and choose investment options that best suit your goals, time horizon, and risk tolerance. You can review available investments in your Plan Enrollment Guide.
Default Investment Option: If you do not select specific investment options in the Plan, you will be enrolled in the ProManage PROgramTM, which not only determines an investment mix for you, but also monitors and rebalances your account each year. This is the default option-all accounts are initially managed by ProManage until you elect otherwise by contacting the Fidelity Retirement Benefits Line at 1-800-343-0860. You cannot opt out of the service online. Please review the ProManage brochure in the Forms and Documents section of this Web site for more information on how ProManage determines your investment mix and what the fees are.
Being vested means the Match and Service Contributions are yours to take when you leave Mercy. You receive 1 year of vesting service for any part of a calendar year in which you are credited with working 1,000 hours. You are always 100% vested in your contributions to your plan, as well as any earnings on them.
Contributons to your 401(k) Plan that are made by Mercy will be fully vested after 3 years of service:
Years of Service |
Vested Percentage |
0-3 years |
0% |
3 years or more |
100% |
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 59½, 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 any reason. Generally, plan rules allow you to borrow up to 50% of your vested account balance. You may have one loan outstanding at a time across all plans in which you are enrolled. After a loan is paid off there is a 10 day waiting period before a new loan can be initiated.
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.
The cost to initiate a loan is $50, and there is a quarterly maintenance fee of $6.25. The initiation and maintenance fees are 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. Defaulted loans may also impact your eligibility to request additional loans.
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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