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To view this fund's performance and other information, log in to NetBenefits.
Salem Health Retirement Plan
As an employee of Salem Health you have a great opportunity to save for your future: the Salem Health Retirement Plan.
Click the links below to learn more.
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 |
|||
|
VANGUARD TARGET 2020
Inception Date 06/22/2007 |
Blended Investments* |
N/A |
-0.55% |
3.78% |
4.19% |
5.67% |
5.00% |
2.45% |
5.50% |
05/31/2023 |
|
VANGUARD TARGET 2025
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-0.30% |
4.78% |
4.70% |
6.27% |
5.21% |
2.59% |
6.50% |
05/31/2023 |
|
VANGUARD TARGET 2030
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
-0.12% |
5.72% |
5.10% |
6.76% |
5.40% |
2.68% |
7.20% |
05/31/2023 |
|
VANGUARD TARGET 2035
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
0.10% |
6.78% |
5.56% |
7.29% |
5.69% |
2.73% |
7.79% |
05/31/2023 |
|
VANGUARD TARGET 2040
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
0.29% |
7.81% |
5.97% |
7.74% |
6.03% |
2.78% |
8.40% |
05/31/2023 |
|
VANGUARD TARGET 2045
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
0.49% |
8.86% |
6.42% |
8.04% |
6.20% |
2.83% |
8.99% |
05/31/2023 |
|
VANGUARD TARGET 2050
Inception Date 06/28/2007 |
Blended Investments* |
N/A |
0.61% |
8.98% |
6.49% |
8.08% |
6.26% |
2.84% |
9.30% |
05/31/2023 |
|
VANGUARD TARGET 2055
Inception Date 08/31/2010 |
Blended Investments* |
N/A |
0.64% |
8.99% |
6.50% |
8.07% |
9.64% |
2.85% |
9.30% |
05/31/2023 |
|
VANGUARD TARGET 2060
Inception Date 03/01/2012 |
Blended Investments* |
N/A |
0.66% |
9.00% |
6.52% |
8.09% |
8.60% |
2.85% |
9.31% |
05/31/2023 |
|
VANGUARD TARGET 2065
Inception Date 07/21/2017 |
Blended Investments* |
N/A |
0.68% |
9.00% |
6.53% |
-- |
7.80% |
2.84% |
9.30% |
05/31/2023 |
|
VANGUARD TARGET 2070
Inception Date 04/06/2022 |
Blended Investments* |
N/A |
0.74% |
-- |
-- |
-- |
-4.54% |
2.82% |
9.35% |
05/31/2023 |
|
VANGUARD TARGET INC
Inception Date 06/22/2007 |
Blended Investments* |
N/A |
-0.78% |
1.70% |
3.18% |
3.86% |
4.44% |
2.34% |
4.52% |
05/31/2023 |
When and Why:
Investors 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 |
|||
|
DODGE & COX STOCK I
Inception Date 01/04/1965 |
Stock Investments |
Large Cap |
-4.67% |
16.28% |
8.88% |
10.67% |
10.95% |
-2.83% |
4.12% |
05/31/2023 |
|
TRP LARGE-CAP GRTH I
Inception Date 10/31/2001 |
Stock Investments |
Large Cap |
10.18% |
8.86% |
10.68% |
14.71% |
10.74% |
16.11% |
23.61% |
05/31/2023 |
|
VANGUARD INST INDEX
Inception Date 07/31/1990 |
Stock Investments |
Large Cap |
2.88% |
12.89% |
10.99% |
11.96% |
10.02% |
5.74% |
11.97% |
05/31/2023 |
|
VANG EXT MKT IDX INS
Inception Date 12/21/1987 |
Stock Investments |
Mid-Cap |
-3.47% |
7.83% |
4.65% |
8.37% |
10.18% |
-4.55% |
10.16% |
05/31/2023 |
|
WM BLAIR SMIDCP GR I
Inception Date 12/29/2003 |
Stock Investments |
Mid-Cap |
2.68% |
4.49% |
6.10% |
10.57% |
9.95% |
-3.84% |
8.68% |
05/31/2023 |
|
MFS INTL EQUITY R6
Inception Date 01/31/1996 |
Stock Investments |
International |
6.25% |
10.57% |
6.50% |
6.64% |
7.69% |
3.61% |
11.51% |
05/31/2023 |
|
VANG TOT INTL STK IS
Inception Date 04/29/1996 |
Stock Investments |
International |
-1.34% |
7.50% |
2.41% |
4.22% |
4.51% |
0.88% |
7.66% |
05/31/2023 |
MM STABLE VAL DVRSFD
Inception Date 10/01/2004 |
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
BAIRD AGGR BOND INST
Inception Date 09/29/2000 |
Bond Investments |
Income |
-1.76% |
-3.25% |
1.11% |
1.78% |
4.29% |
1.88% |
2.05% |
05/31/2023 |
|
VANG INFL PROT ADM
Inception Date 06/29/2000 |
Bond Investments |
Income |
-4.34% |
0.26% |
2.59% |
1.64% |
4.62% |
1.74% |
1.75% |
05/31/2023 |
|
VANG TOT BD MKT INST
Inception Date 12/11/1986 |
Bond Investments |
Income |
-2.00% |
-3.66% |
0.87% |
1.36% |
5.19% |
2.03% |
1.93% |
05/31/2023 |
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.
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.
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You are immediately eligible to participate in the Plan if you are in a regularly scheduled permanent position, so long as you are at least 18 years old.
To enroll, simply click the Enroll Now button above and follow the prompts. 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.
If you have not enrolled in the Plan within 30 days of your hire date, you will be automatically enrolled at a contribution rate of 5% of your pretax eligible earnings. Based on your date of birth and assuming a retirement age of 65, you will be invested in a Vanguard Target Retirement investment, with a corresponding target retirement date. We encourage you to take an active role in the Plan and choose a contribution rate and investment options that are appropriate to you. If you do not wish to contribute to the Plan, you must change your contribution rate to 0% within the first 30 calendar days of your employment.
Through automatic payroll contributions, you can contribute between 0% and 70% of your eligible pay, up to the annual IRS dollar limits.
The contribution limit for 2019 is:
- $19,000 for employees age 49 and younger
- $25,000 for employees who will be at least age 50 or older during the year
Annual additions to your Plan account -- that is, contributions made by both you and Salem Health -- may not exceed 100% of your pay or $56,000 for 2019 (whichever is less).
Once you complete a year of service, Salem Health will provide matching contributions as follows:
|
If you contribute |
Salem Health will contribute |
|
1% |
1% |
|
2% |
2% |
|
3% |
3% |
|
4% |
3.5% |
|
5% |
4% |
After you've completed one year of service in a benefits-eligible position, Salem Health will contribute an Experience Contribution to your account. These contributions are made based upon your years of service, as follows:
|
Years of Benefit Service |
Experience Contribution |
|
1 - 4 |
1.5% |
|
5 - 9 |
2.5% |
|
10 - 14 |
3.5% |
|
15 or more |
4.5% |
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 by clicking the Investment Options tab above.
Default Investment Option: If you do not select specific investment options in the plan, your contributions will be invested in a Vanguard Target Retirement Trust II Series investment.
Each investment offers a blend of stocks, bonds and short-term investments in a single investmenet. Vanguard professionals manage the investments based on a target retirement date. The mix of investments, or asset allocation, adjusts periodically to be more aggressive in the beginning and become more conservative over time. Of course, as with any investment, Vanguard Target Retirement Trust II Series investments involve risk and may lose money at any time, even near or after your retirement.
When you are automatically invested in a Vanguard Target Retirement Trust II Series investment, we select the target date closest to the year you might retire, based on your date of birth and assuming a retirement age of 65, at the direction of your employer or plan sponsor. If we do not have a valid date of birth on file at Fidelity, your contributions may be invested in the Vanguard Target Retirement Income Trust II investment. Learn more about Vanguard Target Retirement Trust II Series investments by clicking the Investment Options tab above.
Vanguard Target Retirement Trust II Series investments are designed for investors expecting to retire around the year indicated in each fund's name. Except for the Vanguard Target Retirement Income Trust II investment, the investments' asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected to merge with the Vanguard Target Retirement Income Trust II investment. The investment risks of each Vanguard Target Retirement Trust II Series investment change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including 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, commodity-related, foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.
The Plan also offers Fidelity® Personalized Planning & Advice, a managed account service that lets you delegate the day-to-day management of your workplace savings plan account to professional investment managers.
Fidelity's experienced professionals evaluate the investment options available in your plan and identify a model portfolio of investments appropriate for an investor like you. The service then invests your account to align with this model portfolio and provides ongoing management of your account to address changes in the markets, your plan's investment lineup, and changes in your personal or financial situation.
With a managed account, you can take advantage of Fidelity's resources and experience to help ensure that:
To see if Fidelity® Personalized Planning & Advice is right for you, log onto NetBenefits® at netbenefits.com/plan where you can easily enroll in the Service and learn more. 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 and 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.
Please note that performance of the model portfolios depends on the performance of the underlying investment options. These investments are subject to the volatility of the financial markets in the U.S. and abroad and may be subject to additional risks with investing in high yield, small-cap, and foreign securities.
When you are "vested" in your savings, it effectively means the money is yours to keep. You are always 100% vested in all contributions you make to the plan, plus any Matching contributions made by Salem Health, as well as any earnings on them.
Salem Health's Experience Contributions are subject to the following vesting schedule:
|
Years of Service |
Vesting Percentage |
|
0-1 |
0% |
|
1-2 |
20% |
|
2-3 |
40% |
|
3-4 |
60% |
|
4-5 |
80% |
|
5+ |
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. In the event of your death, if you don't identify a beneficiary with Fidelity, your account may not be paid out according to your wishes.
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, reach age 59½ and have completed 5 years of eligible service, 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.
If you separate employment and your account balance is $5,000 or more, you can leave your monies in the Plan. If your account balance is between $1,000 and $4,999, your account will be rolled over to an individual retirement account (IRA) with Fidelity. If your balance is less than $1,000 when you separate employment, it will automatically be distributed to you. For more information call the Fidelity Services Center at 800-343-0860.
Although your plan account is intended for the future, you may borrow from your account. Plan rules allow you to borrow up to 50% of your employee contribution account balance (i.e. Salem Health contributions are not available as loan proceeds).
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 payroll deduction.
You may have one loan outstanding at a time. The cost to initiate a loan is $50, and will be 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.
You are permitted to roll over eligible pretax and after tax contributions from another 401(k) plan, 401(a) plan, 403(b) plan or a governmental 457(b) retirement plan account or eligible pretax contributions from conduit individual retirement accounts (IRAs). You should consult your tax adviser and carefully consider the impact of making a rollover contribution to your employer's plan because it could affect your eligibility for future special tax treatments.
Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.
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 800-343-0860 to speak with a representative or use the automated voice response system.
Fidelity Retirement Planner provide complimentary one-on-one consultations for participants in your plan. You can also contact Fidelity for a statement of your account by calling 800-343-0860 or visiting NetBenefits®.
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| Fidelity Investments | 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.
** 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.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
