To view this fund's performance and other information, log in to NetBenefits.
The MITRE Corporation Tax Sheltered Annuity Plan
A 403(b) plan allows eligible employees to save on a tax-deferred basis through salary deduction.
Below is a performance summary of all the investments in your plan available through Fidelity. Click on an investment to view quarter-end returns, risks, fees and expenses.
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 |
|||
FID GROWTH CO K6
Inception Date 06/13/2019 |
Stock Investments |
Large Cap |
47.36% |
10.98% |
-- |
-- |
23.15% |
16.53% |
12.52% |
03/31/2024 |
FID FREEDOM 2005
Inception Date 11/06/2003 |
Blended Investments |
N/A |
5.97% |
0.23% |
3.34% |
3.81% |
4.46% |
1.36% |
-0.45% |
03/31/2024 |
FID FREEDOM 2010
Inception Date 10/17/1996 |
Blended Investments |
N/A |
7.53% |
0.65% |
4.21% |
4.51% |
5.96% |
2.05% |
0.07% |
03/31/2024 |
FID FREEDOM 2015
Inception Date 11/06/2003 |
Blended Investments |
N/A |
9.37% |
1.12% |
5.07% |
5.20% |
5.60% |
2.86% |
0.63% |
03/31/2024 |
FID FREEDOM 2020
Inception Date 10/17/1996 |
Blended Investments |
N/A |
11.11% |
1.56% |
5.88% |
5.77% |
6.52% |
3.71% |
1.21% |
03/31/2024 |
FID FREEDOM 2025
Inception Date 11/06/2003 |
Blended Investments |
N/A |
12.80% |
2.11% |
6.64% |
6.30% |
6.40% |
4.43% |
1.76% |
03/31/2024 |
FID FREEDOM 2030
Inception Date 10/17/1996 |
Blended Investments |
N/A |
14.56% |
2.81% |
7.58% |
7.11% |
6.97% |
5.13% |
2.41% |
03/31/2024 |
FID FREEDOM 2035
Inception Date 11/06/2003 |
Blended Investments |
N/A |
17.48% |
3.97% |
9.12% |
8.08% |
7.33% |
6.26% |
3.58% |
03/31/2024 |
FID FREEDOM 2040
Inception Date 09/06/2000 |
Blended Investments |
N/A |
20.90% |
5.18% |
10.34% |
8.69% |
5.37% |
7.72% |
4.96% |
03/31/2024 |
FID FREEDOM 2045
Inception Date 06/01/2006 |
Blended Investments |
N/A |
21.94% |
5.53% |
10.57% |
8.80% |
7.15% |
8.28% |
5.46% |
03/31/2024 |
FID FREEDOM 2050
Inception Date 06/01/2006 |
Blended Investments |
N/A |
21.90% |
5.52% |
10.56% |
8.80% |
7.04% |
8.35% |
5.48% |
03/31/2024 |
FID FREEDOM 2055
Inception Date 06/01/2011 |
Blended Investments |
N/A |
21.87% |
5.52% |
10.56% |
8.80% |
8.89% |
8.27% |
5.44% |
03/31/2024 |
FID FREEDOM 2060
Inception Date 08/05/2014 |
Blended Investments |
N/A |
21.90% |
5.50% |
10.54% |
-- |
8.92% |
8.23% |
5.46% |
03/31/2024 |
FID FREEDOM 2065
Inception Date 06/28/2019 |
Blended Investments |
N/A |
21.89% |
5.52% |
-- |
-- |
10.38% |
8.24% |
5.47% |
03/31/2024 |
FID FREEDOM INCOME
Inception Date 10/17/1996 |
Blended Investments |
N/A |
5.85% |
0.22% |
2.99% |
3.28% |
4.41% |
1.39% |
-0.36% |
03/31/2024 |
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, or other securities.
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 |
29.87% |
11.48% |
15.04% |
12.95% |
10.90% |
10.55% |
7.38% |
03/31/2024 |
FID OTC PORTFOLIO
Inception Date 12/31/1984 |
Stock Investments |
Large Cap |
40.16% |
9.81% |
19.00% |
17.11% |
14.35% |
13.12% |
11.48% |
03/31/2024 |
JPM EQUITY INCOME R6
Inception Date 07/02/1987 |
Stock Investments |
Large Cap |
15.37% |
8.30% |
10.54% |
10.00% |
9.39% |
7.40% |
4.69% |
03/31/2024 |
MFS GROWTH R3
Inception Date 12/29/1986 |
Stock Investments |
Large Cap |
42.50% |
10.01% |
15.40% |
14.37% |
11.50% |
16.13% |
13.38% |
03/31/2024 |
PARNASSUS CORE EQ IV
Inception Date 08/31/1992 |
Stock Investments |
Large Cap |
27.78% |
10.02% |
14.80% |
12.61% |
11.35% |
9.99% |
6.40% |
03/31/2024 |
AS SPL MID CAP VAL A
Inception Date 04/08/2005 |
Stock Investments |
Mid-Cap |
11.38% |
7.19% |
10.41% |
8.75% |
11.28% |
2.76% |
4.93% |
03/31/2024 |
FID MID CAP IDX
Inception Date 09/08/2011 |
Stock Investments |
Mid-Cap |
22.35% |
6.07% |
11.10% |
9.95% |
12.52% |
8.61% |
3.87% |
03/31/2024 |
INVS DISC MD CP GR Y
Inception Date 11/01/2000 |
Stock Investments |
Mid-Cap |
24.89% |
2.21% |
12.18% |
11.27% |
8.61% |
16.09% |
11.41% |
03/31/2024 |
AS SPL SM CAP VAL A
Inception Date 05/07/1993 |
Stock Investments |
Small Cap |
16.26% |
3.35% |
8.51% |
7.60% |
10.61% |
1.00% |
2.59% |
03/31/2024 |
FID SM CAP IDX
Inception Date 09/08/2011 |
Stock Investments |
Small Cap |
19.83% |
-0.01% |
8.21% |
7.74% |
10.95% |
5.19% |
-0.80% |
03/31/2024 |
FID SMALL CAP GR K6
Inception Date 05/25/2017 |
Stock Investments |
Small Cap |
27.06% |
2.50% |
12.13% |
-- |
13.25% |
13.87% |
7.70% |
03/31/2024 |
FID EMERGING MKTS
Inception Date 11/01/1990 |
Stock Investments |
International |
11.79% |
-4.38% |
6.41% |
6.04% |
5.37% |
5.20% |
3.91% |
03/31/2024 |
FID INTL CAP APPR K6
Inception Date 05/25/2017 |
Stock Investments |
International |
21.49% |
4.70% |
10.26% |
-- |
9.54% |
8.30% |
4.90% |
03/31/2024 |
FID TOTAL INTL IDX
Inception Date 06/07/2016 |
Stock Investments |
International |
12.81% |
1.72% |
6.02% |
-- |
6.36% |
4.26% |
2.59% |
03/31/2024 |
C&S REAL ESTATE A
Inception Date 09/02/1997 |
Stock Investments |
Specialty |
4.56% |
1.14% |
4.24% |
7.49% |
8.54% |
-4.99% |
-6.89% |
03/31/2024 |
FID INFL PR BD IDX
Inception Date 05/16/2012 |
Bond/Stable Value Inv |
Income |
0.25% |
-0.63% |
2.36% |
2.14% |
1.47% |
-0.08% |
-1.38% |
03/31/2024 |
FID US BOND IDX
Inception Date 03/08/1990 |
Bond/Stable Value Inv |
Income |
1.66% |
-2.49% |
0.33% |
1.52% |
5.04% |
-0.73% |
-3.11% |
03/31/2024 |
PGIM HIGH YIELD R6
Inception Date 01/22/1990 |
Bond/Stable Value Inv |
Income |
10.77% |
1.94% |
4.27% |
4.70% |
7.68% |
1.63% |
0.26% |
03/31/2024 |
PGIM TOTAL RTN BD R6
Inception Date 01/10/1995 |
Bond/Stable Value Inv |
Income |
4.61% |
-1.68% |
0.96% |
2.43% |
5.13% |
0.14% |
-2.20% |
03/31/2024 |
VANG TREASURY MM
Inception Date 12/14/1992 7 day yield** % as of 03/31/2024: 5.29 null |
Short-Term Investments |
N/A |
5.29% |
2.62% |
1.97% |
1.33% |
2.39% |
1.32% |
1.74% |
03/31/2024 |
Are you focused on building retirement savings or a retirement income stream?
Annuities are investment products issued by insurance companies that can help you save for retirement, generate a stream of income in retirement, or both. There are different types of annuities with different purposes.
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 |
|||
METLIFE FIXED-NEW
Inception Date 11/30/1991 |
Bond/Stable Value Inv |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
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 will automatically be enrolled in A1 contributions on or about 60 days following the Friday of the week you were hired. Once A1 contributions begin, they are irrevocable and required as a condition of employment. You will not be eligible to contribute A2 Employee Matched Contributions or receive the A3 MITRE Matching Contributions until you begin A1 contributions.
If you do not wish to contribute at this time, you must make an affirmative election to opt out of the Plan. You may do this by logging on to NetBenefits at www.NetBenefits.com/MITRE, or calling the Fidelity Retirement Service Center within the first 60 days of employment. If you opt out of A1 contributions, you will be locked out of participating in all matched program parts for 5 years.
If you have not chosen a Retirement Provider (i.e. Fidelity or TIAA) or made investment elections, your contributions will be directed to Fidelity Investments and invested in a Fidelity Freedom Fund®, based on your date of birth. Target 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.
The MITRE Corporation Tax Sheltered Annuity Plan [the 403(b) Plan] operates with the following structure for contributions from employees and from MITRE:
- Part A1: Employee's Required Contributions. You contribute 2% of your base salary up to the Social Security Wage Base, and 4.7% of your base salary over the Social Security Wage Base.
- Part A2: Employee's Voluntary Matched Contributions. You are eligible to contribute from 1% to 10% of your base salary up to the Social Security Wage Base, and from 1% to 6% of your base salary over the Social Security Wage Base (may be limited by law).
- Part A3: MITRE's Matching Contributions. MITRE matches one-fourth of your Part A2 contributions. These matching contributions begin after you have performed 12 months of credited service. Rehired employees with 12 months of credited service are eligible for Part A3 immediately. Click here to view the current year's contribution limit.
- Part A4: Employee's Voluntary Unmatched Contributions. You may contribute up to 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.
You are immediately 100% vested in your own contributions to the Program and any earnings on them and any Part A3 (MITRE's Matching Contributions) contributions made by MITRE.
Upon enrollment in the plan, your beneficiary is defaulted in accordance with plan provisions (your surviving spouse; if none, to your children per stirpes; if none, to your estate). Your beneficiary will remain as the default unless you elect otherwise. You may, however, change your beneficiary at any time, by calling Fidelity at 1-800-343-0860 to request a beneficiary designation form. Your beneficiary or beneficiaries will inherit your account in the event of your death. You should consider updating the beneficiary information if you experience a life-changing event such as a marriage, divorce, birth of a child, or death in the family.
TIAA: Call 800-842-2252 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.
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.
If you have an account with TIAA, you can call 800-842-2252.
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 800-842-2252 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 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 800-842-2252 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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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.
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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