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Rensselaer Defined Contribution Retirement Plan for Rensselaer Contributions (8% 401(a) Plan 90177)
A 401(a) plan, also known as a money-purchase retirement savings plan, is a plan set up by an employer that allows for 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 |
|||
VANG TARGET RET 2020
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
11.31% |
1.73% |
5.55% |
5.48% |
5.92% |
5.07% |
2.83% |
02/29/2024 |
VANG TARGET RET 2025
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
13.55% |
2.41% |
6.43% |
6.13% |
6.57% |
6.17% |
3.81% |
02/29/2024 |
VANG TARGET RET 2030
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
15.16% |
3.08% |
7.18% |
6.67% |
6.63% |
6.92% |
4.54% |
02/29/2024 |
VANG TARGET RET 2035
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
16.58% |
3.79% |
7.93% |
7.21% |
7.40% |
7.54% |
5.24% |
02/29/2024 |
VANG TARGET RET 2040
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
17.95% |
4.51% |
8.67% |
7.72% |
7.34% |
8.11% |
5.80% |
02/29/2024 |
VANG TARGET RET 2045
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
19.30% |
5.19% |
9.40% |
8.15% |
8.09% |
8.69% |
6.41% |
02/29/2024 |
VANG TARGET RET 2050
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
20.15% |
5.51% |
9.63% |
8.26% |
7.67% |
9.09% |
6.82% |
02/29/2024 |
VANG TARGET RET 2055
Inception Date 08/18/2010 |
Blended Investments* |
N/A |
20.12% |
5.50% |
9.62% |
8.24% |
9.95% |
9.06% |
6.82% |
02/29/2024 |
VANG TARGET RET 2060
Inception Date 01/19/2012 |
Blended Investments* |
N/A |
20.11% |
5.52% |
9.63% |
8.24% |
9.72% |
9.06% |
6.83% |
02/29/2024 |
VANG TARGET RET 2065
Inception Date 07/12/2017 |
Blended Investments* |
N/A |
20.13% |
5.55% |
9.61% |
-- |
8.84% |
9.07% |
6.84% |
02/29/2024 |
VANG TARGET RET 2070
Inception Date 06/28/2022 |
Blended Investments* |
N/A |
20.18% |
-- |
-- |
-- |
14.89% |
9.11% |
6.79% |
02/29/2024 |
VANG TARGET RET INC
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
9.46% |
0.86% |
4.14% |
3.99% |
4.86% |
4.23% |
2.17% |
02/29/2024 |
A managed account is designed for people who prefer to have Fidelity manage their money for them, so they can focus on other aspects of their life.
Your employer gives you the opportunity to have a team of Fidelity professionals propose an investment strategy aligned to your personal goals and situation. Fidelity Personalized Planning & Advice monitor your investments, and make adjustments as your life and the world around you changes-helping to keep you on track to retirement. This service provides discretionary money management for a fee and you may cancel at any time with no cancellation fee.
Learn more and get a free review of your portfolio by speaking with a Fidelity representative at 866-811-6041.
Fidelity® Personalized Planning & Advice at Work is a service of Fidelity Personal and Workplace Advisors LLC and Strategic Advisers LLC. Both are registered investment advisers, are Fidelity Investments companies and may be referred to as "Fidelity," "we," or "our" within. For more information, refer to the Terms and Conditions of the Program. When used herein, Fidelity Personalized Planning & Advice refers exclusively to Fidelity Personalized Planning & Advice at Work. This service provides advisory services for a fee.
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 |
|||
FID 500 INDEX
Inception Date 02/17/1988 |
Stock Investments |
Large Cap |
30.45% |
11.90% |
14.75% |
12.69% |
10.83% |
11.97% |
10.42% |
02/29/2024 |
FID CONTRAFUND K6
Inception Date 05/25/2017 |
Stock Investments |
Large Cap |
49.38% |
12.47% |
16.80% |
-- |
15.89% |
18.68% |
17.86% |
02/29/2024 |
MFS VALUE R6
Inception Date 01/02/1996 |
Stock Investments |
Large Cap |
14.01% |
9.34% |
10.05% |
9.23% |
10.09% |
9.09% |
8.37% |
02/29/2024 |
FID EXTD MKT IDX
Inception Date 11/05/1997 |
Stock Investments |
Mid-Cap |
19.02% |
-0.26% |
9.16% |
8.56% |
8.38% |
14.31% |
6.66% |
02/29/2024 |
JH DSCPL VAL MDCP R6
Inception Date 06/02/1997 |
Stock Investments |
Mid-Cap |
15.12% |
10.18% |
11.58% |
9.89% |
10.17% |
11.36% |
8.59% |
02/29/2024 |
MM MID CAP GRTH I
Inception Date 05/31/2000 |
Stock Investments |
Mid-Cap |
19.77% |
2.69% |
9.76% |
10.47% |
9.74% |
14.16% |
8.94% |
02/29/2024 |
ABF SM CAP VALUE R6
Inception Date 12/31/1998 |
Stock Investments |
Small Cap |
6.70% |
6.60% |
8.54% |
7.37% |
9.87% |
10.42% |
3.89% |
02/29/2024 |
PIF SMCP GRTH I R6
Inception Date 12/06/2000 |
Stock Investments |
Small Cap |
13.65% |
-3.94% |
7.97% |
8.61% |
7.20% |
15.68% |
6.93% |
02/29/2024 |
AF EUROPAC GROWTH R6
Inception Date 04/16/1984 |
Stock Investments |
International |
14.61% |
-1.70% |
6.59% |
5.12% |
10.04% |
8.86% |
7.64% |
02/29/2024 |
FID INTL INDEX
Inception Date 11/05/1997 |
Stock Investments |
International |
14.97% |
4.64% |
6.96% |
4.53% |
5.14% |
7.93% |
6.06% |
02/29/2024 |
MFS INTL INTR VAL R6
Inception Date 10/24/1995 |
Stock Investments |
International |
14.32% |
2.28% |
7.43% |
7.25% |
7.95% |
6.62% |
7.29% |
02/29/2024 |
PIF REAL EST SEC R6
Inception Date 12/06/2000 |
Stock Investments |
Specialty |
3.79% |
4.09% |
5.18% |
7.34% |
9.92% |
5.10% |
-2.59% |
02/29/2024 |
FID BALANCED K6
Inception Date 06/14/2019 |
Blended Investments* |
N/A |
22.64% |
6.89% |
-- |
-- |
11.73% |
9.01% |
7.14% |
02/29/2024 |
FID INFL PR BD IDX
Inception Date 05/16/2012 |
Bond Investments |
Income |
2.56% |
-0.90% |
2.64% |
2.03% |
1.44% |
1.86% |
0.03% |
02/29/2024 |
FID US BOND IDX
Inception Date 03/08/1990 |
Bond Investments |
Income |
3.30% |
-3.18% |
0.55% |
1.41% |
5.02% |
2.10% |
-0.67% |
02/29/2024 |
METWEST TOT RTN BD P
Inception Date 03/31/1997 |
Bond Investments |
Income |
3.59% |
-3.59% |
0.70% |
1.53% |
5.04% |
2.55% |
-0.80% |
02/29/2024 |
FID GOVT MMKT K6
Inception Date 02/05/1990 7 day yield % as of 02/29/2024: 5.13 ** 7 day restated yield % as of 02/29/2024: 5.08 *** |
Short-Term Investments |
N/A |
5.12% |
2.40% |
1.83% |
1.17% |
2.64% |
1.29% |
1.23% |
02/29/2024 |
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You are eligible to enroll in the plan effective the first day of the second month after your date of hire. When you are ready to get started, click the "Enroll Now" button above or call 800-343-0860.
Your enrollment becomes effective once you indicate how much you'd like to contribute, also known as the deferral, by filling out the Retirement Program Enrollment form (available through your human resources department). You will need to return the completed form to Rensselaer Human Resources. You will generally begin to see your contributions deducted from your paycheck in the next pay period, or as soon as administratively possible.
Your employer makes an 8% contribution into this account.
The vesting schedule is satisfied by the completion of 720 hours or more over 3 Plan Years (July 1 - June 30).
You are always 100% vested in your own contributions to the RPI Retirement Plans.
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. Withdrawals may be subject to income taxes and, if they occur prior to you becoming age 59˝, a 10% early withdrawal tax penalty.
When you leave Rensselaer, you can withdraw vested contributions and any associated earnings or, you can leave contributions and any associated earnings in the Plan.
For more information, call the Fidelity Retirement Services Center 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®.
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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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