To view this fund's performance and other information, log in to NetBenefits.
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The University of Massachusetts 403(b) Elective Deferral Savings Plan
A 403(b) plan allows eligible employees to save on a tax-deferred basis through salary deduction.
Below is a performance summary of all the investments in your plan available through Fidelity. Click on an investment to view quarter-end returns, risks, fees and expenses.
To view a performance summary of all the investments in your plan available through TIAA, click here.
These are products that can offer an easy-to-manage diversified portfolio in a single fund. They may contain many different asset classes, including stocks, bonds, and short-term investments. While different funds are arranged according to different asset allocations, what they all do is provide you with the opportunity to own a diversified portfolio with just one fund.
Depending on your retirement savings 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 |
||||||||||
CREF SOCIAL CHOICE
|
Stock Investments |
N/A |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|||||||
|
CREF STOCK ACCT R3
Inception Date 04/24/2015 |
Other Investments |
N/A |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|||||||
|
TIAA REAL ESTATE
Inception Date 10/02/1995 |
Other Investments |
N/A |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|||||||
|
FID FREEDOM 2005
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
-1.49% |
1.56% |
2.61% |
3.75% |
4.33% |
1.81% |
3.55% |
05/31/2023 |
|||||||
|
FID FREEDOM 2010
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
-1.38% |
2.55% |
3.13% |
4.46% |
5.85% |
1.97% |
4.36% |
05/31/2023 |
|||||||
|
FID FREEDOM 2015
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
-1.36% |
3.49% |
3.58% |
5.03% |
5.34% |
2.08% |
5.23% |
05/31/2023 |
|||||||
|
FID FREEDOM 2020
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
-1.31% |
4.36% |
4.01% |
5.50% |
6.30% |
2.21% |
6.04% |
05/31/2023 |
|||||||
|
FID FREEDOM 2025
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
-1.08% |
5.18% |
4.41% |
6.05% |
6.01% |
2.39% |
6.65% |
05/31/2023 |
|||||||
|
FID FREEDOM 2030
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
-0.68% |
6.36% |
4.97% |
6.79% |
6.65% |
2.45% |
7.31% |
05/31/2023 |
|||||||
|
FID FREEDOM 2035
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
-0.06% |
8.41% |
5.82% |
7.62% |
6.78% |
2.63% |
8.53% |
05/31/2023 |
|||||||
|
FID FREEDOM 2040
Inception Date 09/06/2000 |
Blended Investments* |
N/A |
0.38% |
9.76% |
6.41% |
7.95% |
4.71% |
2.75% |
9.74% |
05/31/2023 |
|||||||
|
FID FREEDOM 2045
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
0.50% |
9.80% |
6.44% |
7.99% |
6.28% |
2.75% |
9.94% |
05/31/2023 |
|||||||
|
FID FREEDOM 2050
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
0.60% |
9.80% |
6.45% |
8.00% |
6.17% |
2.83% |
9.94% |
05/31/2023 |
|||||||
|
FID FREEDOM 2055
Inception Date 06/01/2011 |
Blended Investments* |
N/A |
0.59% |
9.80% |
6.42% |
8.04% |
7.77% |
2.76% |
10.00% |
05/31/2023 |
|||||||
|
FID FREEDOM 2060
Inception Date 08/05/2014 |
Blended Investments* |
N/A |
0.57% |
9.78% |
6.43% |
-- |
7.41% |
2.76% |
9.89% |
05/31/2023 |
|||||||
|
FID FREEDOM 2065
Inception Date 06/28/2019 |
Blended Investments* |
N/A |
0.57% |
9.78% |
-- |
-- |
7.25% |
2.77% |
9.97% |
05/31/2023 |
|||||||
|
FID FREEDOM INCOME
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
-1.51% |
1.00% |
2.30% |
3.03% |
4.31% |
1.72% |
3.40% |
05/31/2023 |
|||||||
|
LD ABT HIGH YIELD R5
Inception Date 12/31/1998 |
Bond Investments |
N/A |
-2.77% |
2.51% |
1.79% |
3.68% |
5.68% |
0.99% |
3.18% |
05/31/2023 |
|||||||
|
TIAA TRAD. ANNUITY
|
Bond Investments |
N/A |
To view more information about this investment option, visit TIAA. |
-- |
-- |
-- |
-- |
-- |
-- |
|
|||||||
|
VANG INFL PROT INST
Inception Date 06/29/2000 |
Bond Investments |
Income |
-4.34% |
0.27% |
2.61% |
1.67% |
4.65% |
1.70% |
1.81% |
05/31/2023 |
|||||||
Core funds are designed to constitute the essential elements of your overall investment portfolio. Different fund companies define core funds differently, but typically these funds include several types of investments that are suitable for most investors, making it easier to get the investment exposure they want without buying a huge number of individual stocks, funds, or other securities.
You 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 BLUE CHIP GR K6
Inception Date 05/25/2017 |
Stock Investments |
Large Cap |
12.33% |
13.36% |
14.35% |
-- |
15.99% |
15.34% |
31.04% |
05/31/2023 |
|
FID CONTRAFUND K6
Inception Date 05/25/2017 |
Stock Investments |
Large Cap |
7.98% |
9.83% |
10.33% |
-- |
12.38% |
11.13% |
18.70% |
05/31/2023 |
|
JPM EQUITY INCOME R6
Inception Date 07/02/1987 |
Stock Investments |
Large Cap |
-5.21% |
11.92% |
8.12% |
9.73% |
9.07% |
-4.78% |
-3.27% |
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 |
|
PARNASSUS MID CAP
Inception Date 04/29/2005 |
Stock Investments |
Mid-Cap |
-8.77% |
4.17% |
4.44% |
7.57% |
7.92% |
-5.04% |
-0.24% |
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 |
|
MM SMALL CAP OPP R5
Inception Date 07/17/1998 |
Stock Investments |
Small Cap |
-2.92% |
12.56% |
5.57% |
8.98% |
8.99% |
-7.41% |
7.00% |
05/31/2023 |
|
AF NEW WORLD R6
Inception Date 06/17/1999 |
Stock Investments |
International |
0.56% |
6.33% |
4.27% |
5.30% |
7.51% |
2.56% |
8.98% |
05/31/2023 |
|
FID OVERSEAS
Inception Date 12/04/1984 |
Stock Investments |
International |
4.61% |
7.68% |
4.91% |
7.03% |
9.33% |
4.46% |
12.58% |
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 |
|
VT INTL SM CAP A
Inception Date 08/17/2007 |
Stock Investments |
International |
-10.01% |
3.46% |
-0.42% |
5.51% |
3.19% |
-6.94% |
7.87% |
05/31/2023 |
|
MW TOT RTN BD ADM
Inception Date 03/31/1997 |
Bond Investments |
Income |
-3.34% |
-3.91% |
0.57% |
1.13% |
4.94% |
2.02% |
2.52% |
05/31/2023 |
|
PAYDEN EMRG MKTS BD
Inception Date 12/17/1998 |
Bond Investments |
Income |
-2.46% |
-1.99% |
-0.34% |
1.55% |
7.19% |
0.21% |
2.67% |
05/31/2023 |
|
VANG ST BOND IDX ADM
Inception Date 03/01/1994 |
Bond Investments |
Income |
-0.08% |
-1.28% |
1.24% |
1.08% |
3.56% |
1.88% |
1.53% |
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 |
|
FID GOVT MMRK PRM
Inception Date 02/05/1990 7 day yield** % as of 05/31/2023: 4.85 null 7 day restated yield*** % as of 05/31/2023: 4.82 null |
Short-Term Investments |
N/A |
3.20% |
1.07% |
1.30% |
0.78% |
2.58% |
1.16% |
1.94% |
05/31/2023 |
|
Fixed Annuity Investment Options |
More information |
|
TIAA Traditional |
Fact Sheet |
|
Variable Annuity Investment Options |
More information |
|
CREF Social Choice R3 |
Fact Sheet |
|
CREF Stock R3 |
Fact Sheet |
|
TIAA Real Estate |
Fact Sheet |
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 each retirement savings plan offered by your employer.
Employees of the University of Massachusetts may participate in the 403(b) plan. To enroll online, simply select the Enroll Now button on this page and the system will guide you through the enrollment process to:
Enroll By Phone:
Call 1-800-343-0860 and speak to a Fidelity Representative.
Through automatic payroll deduction, you can contribute up to the annual IRS dollar limits.
If you are age 50 or older, you have the ability to make additional contributions to your plan, up to the current IRS dollar limits. View the limits here: IRS DOLLAR LIMITS
When you are "vested" in your savings, it effectively means the money is yours to keep. You are always 100% vested in all contributions 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.
If you have an account with Fidelity, login to Fidelity NetBenefits®, go to 'Profile' in the navigation bar at the top of your NetBenefits® page and click on the 'Summary tab' and then 'Beneficiaries'.
If you have an account with TIAA, you can update your beneficiaries online at TIAA.org or call 800-842-2252.
You are generally allowed to withdraw money from your plan when you leave your employer, retire 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.
For more information, call the Fidelity Retirement Services Center at 1-800-343-0860.
If you have an account with TIAA, you can call 800-842-2252.
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 two loans 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. Defaulted loans may also impact your eligibility to request additional loans.
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 or TIAA representative today. They can explain each option in greater detail so you can make the best choice for your specific needs.
Fidelity: Call 800-343-0860 or log in to your account by entering your username and password at the top of this website.
TIAA: Call 800-842-2252 or log in to your account by selecting TIAA in the drop down box at the top of the page under Your Account and follow the prompts to the TIAA website.
Online, on the phone, or in person, you have access to your account the way you want it. Log in to NetBenefits® virtually 24/7 or call Fidelity at 800-343-0860 to speak with a representative or use the automated voice response system.
TIAA: Call 800-842-2252 or log in to your account by selecting TIAA in the drop down box at the top of the page under Your Account and follow the prompts to the TIAA website.
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The providers above are independent entities and are not legally affiliated.
Schedule time with a financial professional to get help with your financial goals.
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.
Principal value, income payments, and investment returns of a variable annuity will fluctuate and you may have a gain or loss when money is received or withdrawn.
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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