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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.

  • Enrolling is fast and easy: Simply select the Enroll Now button on the right.
  • To learn more before you enroll, see Investment Options & Plan Basics below.
Enroll Now

  • Plan Basics

  • Investment Options

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.

TARGET DATE FUNDS

Explore Your Investment Options - shows details. Click to open.

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
FID 500 INDEX INST

Inception Date 02/17/1988

Stock Investments

Large Cap

17.88%

17.28%

13.92%

11.94%

10.48%

7.71%

4.42%

09/30/2018

TVA FIXED FUND

Inception Date 08/01/2006

Bond Investments

N/A

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Explore Plan Basics

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

Enrollment - shows details. Click to open.

You are eligible to make contributions to the TVA Retirement System - Fixed and Variable Funds, if you are an Original Benefit Structure or Cash Balance Benefit Structure participant, 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.

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 and any employer automatic contributions may not exceed the lesser of $55,000 in 2018 or 100% of your eligible compensation. The plan allows you to contribute 100% of your eligible compensation.

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.

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.

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).

Withdrawals - shows details. Click to open.

Distributions and withdrawals upon termination of employment are governed by the Plan rules and applicable IRS rules. 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. For more information, please contact the TVA Retirement System or Fidelity Investments.

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.

Moving money - shows details. Click to open.

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.

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 Retirement Planners provide complementary one-on-one guidance for participants in your plan. You can also contact Fidelity for a statement of your account by calling 1-800-354-7121 or visiting NetBenefits®.

Helpful Tips & Tools

Smart retirement income strategies

Learn how to manage for inflation, market ups and downs, longevity, and more.

Calculate Your Retirement Savings Contributions

Use the calculator that matches your plan type to determine your salary deferral amount.

Savings and Spending Checkup

An effective plan starts with a solid budget. Build yours now by zeroing in on your cash flow.

View All Tools & Resources

Next Steps

Call

Call

Call for a consultation to discuss and plan for your retirement needs.

Fidelity 800-354-7121
Meet

Meet

Meet to discuss and plan for your retirement needs - right at work.

Fidelity

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.

This information is intended to be educational and is not tailored to the investment needs of any specific investor.

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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