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University of Central Florida 403(b) Plan
The 403(b) Plan offers you powerful, tax-deferred opportunities to save for your future.
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 |
|||
FID 500 INDEX
Inception Date 02/17/1988 |
Stock Investments |
Large Cap |
27.12% |
9.37% |
15.90% |
12.97% |
11.00% |
7.39% |
19.51% |
08/31/2024 |
VAN FTSE SOC IDX ADM
Inception Date 01/14/2003 |
Stock Investments |
Large Cap |
22.78% |
8.04% |
14.92% |
13.60% |
7.10% |
10.45% |
18.95% |
07/31/2024 |
FID MID CAP IDX
Inception Date 09/08/2011 |
Stock Investments |
Mid-Cap |
20.15% |
3.53% |
11.24% |
9.58% |
12.37% |
6.14% |
12.16% |
08/31/2024 |
FID SM CAP IDX
Inception Date 09/08/2011 |
Stock Investments |
Small Cap |
18.55% |
0.72% |
9.78% |
8.18% |
10.99% |
7.53% |
10.45% |
08/31/2024 |
LOOMIS SM CP GRTH N
Inception Date 12/31/1996 |
Stock Investments |
Small Cap |
12.81% |
-0.65% |
8.04% |
10.43% |
7.76% |
10.92% |
12.74% |
07/31/2024 |
FID INTL INDEX
Inception Date 11/05/1997 |
Stock Investments |
International |
19.86% |
4.33% |
8.83% |
5.37% |
5.40% |
4.19% |
12.26% |
08/31/2024 |
VANG TARGET RET 2020
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
9.73% |
1.32% |
5.51% |
5.68% |
6.06% |
5.64% |
7.70% |
07/31/2024 |
VANG TARGET RET 2025
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
11.16% |
1.96% |
6.51% |
6.40% |
6.71% |
6.36% |
9.30% |
07/31/2024 |
VANG TARGET RET 2030
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
12.22% |
2.55% |
7.36% |
6.97% |
6.82% |
6.81% |
10.43% |
07/31/2024 |
VANG TARGET RET 2035
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
13.09% |
3.17% |
8.20% |
7.54% |
7.57% |
7.18% |
11.44% |
07/31/2024 |
VANG TARGET RET 2040
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
13.97% |
3.76% |
9.02% |
8.07% |
7.55% |
7.45% |
12.32% |
07/31/2024 |
VANG TARGET RET 2045
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
14.78% |
4.33% |
9.85% |
8.54% |
8.28% |
7.73% |
13.20% |
07/31/2024 |
VANG TARGET RET 2050
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
15.37% |
4.71% |
10.13% |
8.68% |
7.91% |
7.96% |
13.88% |
07/31/2024 |
VANG TARGET RET 2055
Inception Date 08/18/2010 |
Blended Investments* |
N/A |
15.35% |
4.72% |
10.12% |
8.66% |
10.20% |
7.97% |
13.89% |
07/31/2024 |
VANG TARGET RET 2060
Inception Date 01/19/2012 |
Blended Investments* |
N/A |
15.39% |
4.72% |
10.13% |
8.66% |
10.00% |
7.97% |
13.90% |
07/31/2024 |
VANG TARGET RET 2065
Inception Date 07/12/2017 |
Blended Investments* |
N/A |
15.40% |
4.75% |
10.11% |
-- |
9.39% |
7.99% |
13.92% |
07/31/2024 |
VANG TARGET RET 2070
Inception Date 06/28/2022 |
Blended Investments* |
N/A |
15.38% |
-- |
-- |
-- |
15.57% |
7.93% |
13.88% |
07/31/2024 |
VANG TARGET RET INC
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
8.81% |
0.79% |
4.06% |
4.22% |
4.98% |
5.26% |
6.58% |
07/31/2024 |
FID US BOND IDX
Inception Date 03/08/1990 |
Bond Investments |
Income |
7.21% |
-2.13% |
-0.07% |
1.61% |
5.09% |
4.83% |
3.13% |
08/31/2024 |
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 |
|||
FID CONTRAFUND K
Inception Date 05/17/1967 |
Stock Investments |
Large Cap |
38.78% |
9.46% |
18.22% |
14.97% |
13.00% |
6.96% |
28.65% |
08/31/2024 |
JPM EQUITY INCOME R6
Inception Date 07/02/1987 |
Stock Investments |
Large Cap |
12.25% |
6.75% |
9.92% |
10.10% |
9.39% |
6.25% |
13.59% |
07/31/2024 |
CRLN E MID CAP GR R6
Inception Date 08/20/1998 |
Stock Investments |
Mid-Cap |
6.81% |
-2.66% |
8.41% |
11.00% |
11.55% |
-0.36% |
4.86% |
07/31/2024 |
MFS MID CAP VALUE R6
Inception Date 08/31/2001 |
Stock Investments |
Mid-Cap |
16.53% |
8.41% |
11.56% |
9.66% |
9.40% |
8.42% |
15.17% |
07/31/2024 |
ABF SM CAP VALUE R6
Inception Date 12/31/1998 |
Stock Investments |
Small Cap |
13.14% |
8.20% |
11.09% |
8.62% |
10.14% |
11.37% |
7.95% |
07/31/2024 |
AF EUROPAC GROWTH R6
Inception Date 04/16/1984 |
Stock Investments |
International |
8.96% |
-1.58% |
6.48% |
5.59% |
10.05% |
3.74% |
11.81% |
07/31/2024 |
TRP OVERSEAS STOCK I
Inception Date 12/29/2006 |
Stock Investments |
International |
9.73% |
2.94% |
7.79% |
5.10% |
3.92% |
5.92% |
10.82% |
07/31/2024 |
PIF REAL EST SEC IS
Inception Date 12/06/2000 |
Stock Investments |
Specialty |
10.45% |
-0.57% |
5.14% |
7.42% |
10.29% |
15.70% |
10.79% |
07/31/2024 |
DRIEHAUS EM GRTH IS
Inception Date 12/31/1997 |
Stock Investments |
International Equity |
11.34% |
-2.19% |
5.74% |
4.55% |
10.08% |
4.82% |
11.75% |
07/31/2024 |
Inception Date 04/01/2017 |
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
FID TOTAL BOND
Inception Date 10/15/2002 |
Bond Investments |
Income |
8.52% |
-1.19% |
1.23% |
2.47% |
4.12% |
4.89% |
4.01% |
08/31/2024 |
FID GOVT MMRK PRM
Inception Date 02/05/1990 7 day yield % as of 07/31/2024: 5.08 ** 7 day restated yield % as of 07/31/2024: 5.04 *** |
Short-Term Investments |
N/A |
5.21% |
3.22% |
2.09% |
1.41% |
2.68% |
1.28% |
3.44% |
08/31/2024 |
Are you interested in investing in options beyond what your plan offers?
A self-directed brokerage account allows you to make investments outside of 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 Fidelity BrokerageLink® Central to 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 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 the University of Central Florida 403(b) Plan.
You are eligible to enroll in the University of Central Florida 403(b) Plan immediately. There is no waiting period.
If you're ready to get started, enrolling in the University of Central Florida 403(b) Plan is easy. Obtain a Salary Reduction Agreement form from the UCF Human Resources office or you can print the form by going to Forms and Documents under the Tools & Resources tab. Use the form to indicate the percentage of your salary you wish to contribute to the Plan. Return the form to the UCF Human Resources office and then complete the following steps:
1. Click the orange Enroll Now button above to set up your University of Central Florida 403(b) Plan account. Have your Social Security number ready. Your plan ID number is: 56713.
2. Set up a username and password to get online and telephone access to your account. Your username can be your Social Security number, but to better protect your account, it is recommended that you create a unique username. If you are already a Fidelity customer, you may continue to use your existing username and password.
3. Enroll in plan and follow the instructions to elect your investment options.
If you have any questions regarding enrolling in the Plan, call the Fidelity Retirement Benefits Line at 1-800-343-0860.
Through automatic payroll deduction, you may contribute up to 100% of your eligible pay as a pretax or roth contribution, or a combination of pretax and roth contributions, up to the annual IRS dollar 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 up to 100% 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 like the UCF 403(b) 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 Fidelity Retirement Planner at 1-800-343-0860.
A type of retirement savings contribution that allows people over 50 to make additional contributions to their 403(b) and/or individual retirement accounts. The catch-up contribution provision was created by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), so that older individuals would be able to set aside enough savings for retirement.
If you have 15+ years of service with University of Central Florida and/or reached age 50 or will reach age 50 during the calendar year January 1 - December 31 and are making the maximum plan or IRS pre-tax contribution, you may be eligible to make additional "catch-up" contributions. For more information, call the Fidelity Retirement Benefits Line at 1-800-343-0860. You can also view the requirements in the 15-Year Catch-Up Agreement by going to Forms and Documents under the Tools & Resources tab.
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 your plan, as well as any earnings on them.
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, reach age 59½, retire or become permanently disabled. 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.
Although your plan account is intended for the future, you may borrow from your account for any reason. Generally, plan rules allow you to borrow up to 50% of your vested account balance.
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 ACH deductions from your bank account.
You may have one loan outstanding at a time. The cost to initiate a loan is $50, and there is a quarterly maintenance fee of $6.25. The initiation and maintenance fees are 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.
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 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.
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 Retirement Planners 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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