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Tennessee Valley Authority
Fidelity Investments® Workplace Savings
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Plans & Investments

Plan Details

TVA Retirement System - Fixed and Variable Funds

The TVA Retirement System - Fixed and Variable Funds is an after-tax investment vehicle.

You have two investment choices:

The Fixed option is the TVA Fixed Fund.

The Variable option is the Fidelity® 500 Index Fund.

To learn more, see Plan Basics & Investment Options tabs below.

Participants are permitted to transfer from the Fixed and Variable plan to the TVA 401(k) plan. To Transfer your total Fixed and Variable account balance to the 401(k) plan, follow these instructionsLog In Required. Please contact TVA Retirement System for more details if you need help identifying the best option for your needs.

To exchange assets between the fixed and variable options, login to your account above. Under the TVA Fixed & Variable plan, choose Change Investments.

  • Plan Basics

  • Investment Options

Choose from the list of investments below.

Investment Options

Explore All - shows details. Click to open.

Below is a performance summary of all the investments in your plan.  Click an investment to view quarter-end returns, risks, fees and expenses.

The TVA Retirement System - Fixed and Variable Funds is an after-tax investment vehicle. You have two investment choices.

The Fixed option is the TVA Fixed Fund. The TVA Fixed Fund rate for 2022 is 5.75%.

The Variable option is the Fidelity® 500 Index Fund. Performance information for the variable option can be viewed in the chart below.

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

-4.66%

13.35%

12.82%

13.79%

10.59%

0.39%

-9.46%

07/31/2022

TVA FIXED FUND

Inception Date 08/01/2006

Bond Investments

Stable Value

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Explore Plan Basics

Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.

Eligibility - shows details. Click to open.

You are eligible to make contributions to the TVA Retirement System - Fixed and Variable Funds, if you first became an Original Benefit Structure or Cash Balance Benefit Structure participant member before January 1, 1996, unless you transferred your balances to the 401(k) Plan on or after May 1, 2005. The TVA Retirement System - Fixed and Variable Funds are after-tax investment options separate from the TVA 401(k) Plan.

Contributions - shows details. Click to open.

If you are eligible, you may contribute to the plan by payroll deduction, in whole percentages, or by lump-sum contributions. If you decide to change your contribution amount, you will have to choose a whole percentage. Your contributions to the TVA Retirement System - Fixed and Variable Funds may not exceed $10,000 annually. In addition, your contributions to the TVA 401(k) Plan (on a pre-tax, Roth and after-tax basis), the Fixed and Variable Funds, and TVA matching contributions overall plan contribution limits.

Lump-sum contributions are allowed once per calendar month. Please contact the TVA Retirement System if you wish to make a lump-sum contribution to the Fixed and Variable Funds.

Moving Money/Withdrawals - shows details. Click to open.

As an active employee, you may not directly withdraw any portion of your TVA Retirement System - Fixed and Variable Funds account prior to termination of your TVA employment. However, you may transfer your total account balances to the 401(k) Plan at any time during employment, subject to the transfer rules. Once transferred to the 401(k) Plan, your funds are available through a loan or withdrawal, subject to 401(k) Plan rules. If you transfer your account balance in the TVA Retirement System - Fixed and Variable Funds to the 401(k) Plan, you will no longer be eligible to make contributions to the Fixed and Variable Funds. For more information, please contact the TVA Retirement System or Fidelity Investments.

Distributions and withdrawals upon termination of employment are governed by the Plan rules and applicable IRS rules. Please contact TVA Retirement if you are nearing retirement.

Beneficiaries - shows details. Click to open.

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. To designate a beneficiary, please complete the beneficiary designation form (RS-2), which is available at www.TVARS.com. (After completing the beneficiary designation form, please return it to the TVA Retirement System" System address located on the bottom right corner of the form)."

Vesting - shows details. Click to open.

You are immediately vested in all contributions you make to the Fixed and Variable Funds and any potential earnings on those contributions.

Options at Retirement - shows details. Click to open.

If you first became an Original Benefit Structure or Cash Balance Benefit Structure participant before January 1, 1996, you may withdraw all or any part of your fund balance in a lump sum, leave your funds in the System and receive a monthly benefit over your lifetime, or roll over all or any portion directly to an IRA or to another employer's retirement plan which accepts after-tax funds.

If you first became an Original Benefit Structure or Cash Balance Benefit Structure participant member on or after January 1, 1996, you must withdraw in a lump sum or roll over your entire fund balance within 60 days after your employment ends. No additional interest will accrue on your Fixed Fund after 60 days. Or you may, prior to termination of your employment, transfer your entire fund balance to the 401(k) Plan.

Account access - shows details. Click to open.

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 1-800-354-7121 to speak with a representative or use the automated voice response system.

Additional investment and account information - shows details. Click to open.

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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