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UNTS Optional Retirement Plan
The UNTS Optional Retirement Plan (ORP) is a defined contribution plan that is similar to a 401(k) plan with employer "matching" contributions.
Below is the 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 the performance summary of the investments in your plan available through TIAA, click here.
To view the performance summary of the investments in your plan available through VALIC, click here.
To view the performance summary of the investments in your plan available through Voya, 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 |
|||
|
PIF SMCP GRTH I R6
Inception Date 12/06/2000 |
Stock Investments |
Small Cap |
7.91% |
1.80% |
4.93% |
9.70% |
6.92% |
6.68% |
3.96% |
08/31/2023 |
|
VANG TARGET RET 2020
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
5.51% |
1.94% |
4.15% |
5.88% |
5.73% |
2.41% |
4.97% |
08/31/2023 |
|
VANG TARGET RET 2025
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
7.18% |
2.72% |
4.71% |
6.51% |
6.36% |
3.25% |
6.06% |
08/31/2023 |
|
VANG TARGET RET 2030
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
8.44% |
3.55% |
5.21% |
7.06% |
6.35% |
3.86% |
6.82% |
08/31/2023 |
|
VANG TARGET RET 2035
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
9.48% |
4.42% |
5.72% |
7.62% |
7.14% |
4.39% |
7.55% |
08/31/2023 |
|
VANG TARGET RET 2040
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
10.62% |
5.32% |
6.22% |
8.13% |
7.00% |
4.95% |
8.26% |
08/31/2023 |
|
VANG TARGET RET 2045
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
11.75% |
6.20% |
6.76% |
8.50% |
7.78% |
5.51% |
9.03% |
08/31/2023 |
|
VANG TARGET RET 2050
Inception Date 06/07/2006 |
Blended Investments* |
N/A |
12.35% |
6.43% |
6.89% |
8.57% |
7.28% |
5.80% |
9.42% |
08/31/2023 |
|
VANG TARGET RET 2055
Inception Date 08/18/2010 |
Blended Investments* |
N/A |
12.33% |
6.42% |
6.88% |
8.55% |
9.51% |
5.80% |
9.41% |
08/31/2023 |
|
VANG TARGET RET 2060
Inception Date 01/19/2012 |
Blended Investments* |
N/A |
12.33% |
6.42% |
6.88% |
8.55% |
9.22% |
5.79% |
9.43% |
08/31/2023 |
|
VANG TARGET RET 2065
Inception Date 07/12/2017 |
Blended Investments* |
N/A |
12.35% |
6.45% |
6.88% |
-- |
7.83% |
5.78% |
9.39% |
08/31/2023 |
|
VANG TARGET RET INC
Inception Date 10/27/2003 |
Blended Investments* |
N/A |
3.85% |
0.45% |
3.16% |
4.06% |
4.71% |
1.60% |
3.91% |
08/31/2023 |
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 CONTRAFUND K6
Inception Date 05/25/2017 |
Stock Investments |
Large Cap |
23.40% |
5.92% |
10.72% |
-- |
13.46% |
9.35% |
23.93% |
08/31/2023 |
|
MFS VALUE R6
Inception Date 01/02/1996 |
Stock Investments |
Large Cap |
7.28% |
10.27% |
7.82% |
9.67% |
9.90% |
6.44% |
0.29% |
08/31/2023 |
|
VANG FTSE SOC IDX IS
Inception Date 01/14/2003 |
Stock Investments |
Large Cap |
16.71% |
8.61% |
11.16% |
13.24% |
6.38% |
8.14% |
16.99% |
08/31/2023 |
|
VANGUARD INST INDEX
Inception Date 07/31/1990 |
Stock Investments |
Large Cap |
15.91% |
10.49% |
11.09% |
12.78% |
10.21% |
8.27% |
13.86% |
08/31/2023 |
|
JPM MID CAP VALUE R6
Inception Date 11/13/1997 |
Stock Investments |
Mid-Cap |
4.26% |
12.95% |
5.83% |
8.62% |
11.33% |
7.95% |
-0.38% |
08/31/2023 |
|
MFS MID CAP GRTH R6
Inception Date 12/01/1993 |
Stock Investments |
Mid-Cap |
11.42% |
2.43% |
7.97% |
11.85% |
8.45% |
7.05% |
7.36% |
08/31/2023 |
|
VANG EXT MKT IDX INS
Inception Date 12/21/1987 |
Stock Investments |
Mid-Cap |
8.44% |
5.39% |
5.21% |
9.10% |
10.40% |
10.07% |
8.10% |
08/31/2023 |
|
DFA US SM CAP VALUE
Inception Date 03/02/1993 |
Stock Investments |
Small Cap |
11.15% |
22.47% |
6.35% |
8.72% |
11.07% |
14.31% |
2.75% |
08/31/2023 |
|
AF EUROPAC GROWTH R6
Inception Date 04/16/1984 |
Stock Investments |
International |
14.11% |
1.27% |
4.09% |
5.90% |
9.94% |
3.10% |
5.74% |
08/31/2023 |
|
VANG TOT INTL STK IS
Inception Date 04/29/1996 |
Stock Investments |
International |
12.15% |
4.39% |
3.52% |
4.70% |
4.60% |
3.64% |
6.50% |
08/31/2023 |
|
PIF REAL EST SEC R6
Inception Date 12/06/2000 |
Stock Investments |
Specialty |
-4.94% |
4.95% |
4.99% |
8.14% |
9.91% |
4.03% |
-0.28% |
08/31/2023 |
|
VANG WELLINGTON ADM
Inception Date 07/01/1929 |
Blended Investments* |
N/A |
7.83% |
5.41% |
6.97% |
8.26% |
8.21% |
3.60% |
5.30% |
08/31/2023 |
LINCOLN STABLE VALUE
|
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
FID TOTAL BOND K6
Inception Date 05/25/2017 |
Bond Investments |
Income |
0.25% |
-2.95% |
1.57% |
-- |
1.36% |
-0.30% |
1.05% |
08/31/2023 |
|
VANG TOT BD MKT INST
Inception Date 12/11/1986 |
Bond Investments |
Income |
-1.00% |
-4.37% |
0.55% |
1.47% |
5.13% |
-0.98% |
0.00% |
08/31/2023 |
|
VANG VMMR-FED MMKT
Inception Date 07/13/1981 7 day yield % as of 08/31/2023: 5.28 ** |
Short-Term Investments |
N/A |
4.36% |
1.60% |
1.62% |
1.03% |
3.89% |
1.30% |
3.61% |
08/31/2023 |
Are you interested in investing in options beyond what your plan offers?
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 in your plan's lineup with those available through BrokerageLink, and determine the available investments 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.
Learn about the plan basics, including enrollment, contributions and investment options available in the plans.
You are eligible to enroll in the plan if you have an ORP-eligible position on a full-time basis. Eligible positions are faculty member, faculty administrator, executive administrator, other key administrator, librarian, and athletic coach. Provided you have chosen to participate in the Optional Retirement Program (ORP), an ORP account will be established for you.
The ORP participant and UNTS make mandatory monthly contributions using percentages of salary that are established by the state legislature and subject to change. Federal contribution limits may apply to certain highly compensated employees.
When you participate in the ORP, you can choose to direct 100% of your ORP contributions to one retirement provider or split your deferral election to contribute a portion to each retirement provider. UNTS offers four retirement providers: Fidelity, TIAA, VALIC, or Voya. For example, you can elect to direct 50% to Fidelity and the other 50% to TIAA. Or you can elect any other split you prefer as long as the total equals 100%. You may make changes to your retirement provider at any time when you log on to NetBenefits® and select Contribution Amount from the Quick Links menu. Contributions and any net earnings are not subject to federal income tax until the funds are withdrawn or paid as a retirement annuity.
Vesting refers to a participant's ownership of employer "matching" contributions. Vesting occurs on the first day of the second year of participation, which is defined as the first day of the 13th month of active participation (i.e., making contributions by payroll deduction). The vesting period is sometimes referred to as "a year and a day."
Faculty Members: A year for academic faculty members is generally nine months, so academic faculty members will be credited the three summer months for vesting provided they are participating at the end of the spring semester immediately preceding the summer and resume participation with the same or another Texas public institution of higher education at the beginning of the fall semester immediately following the same summer.
Once a participant has established vested status, you will continue to be vested meaning, no future ORP vesting period can be required by any institution.
Your beneficiary or beneficiaries will inherit your ORP account in the event of your death. You should consider identifying a beneficiary when you participate in the plan, and update the information if you experience a lifechanging 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 another retirement provider, you can update your beneficiaries directly with your selected retirement provider. Select the Contact Us tab at the top of this page for your retirement provider's phone number and website.
ORP funds are available for withdrawal only upon termination of all employment with all Texas public institutions of higher education (unless the participant is at least age 70-1/2). Terminated participants choose how and when to take distributions, including complete or periodic withdrawals and for some accounts. Early withdrawal penalties may apply. Eligible distributions can be rolled over to eligible retirement plans such as an IRA. Participants who terminate ORP-covered employment with all institutions prior to meeting the vesting requirement must forfeit employer contributions made during that period of employment (exceptions may apply, refer to your Human Resources Office).
Online, on the phone, or in person, you have access to your account the way you want it. Select the Contact Us tab at the top of this page for your retirement provider's phone number and website.
Now is a great time to schedule an appointment to discuss your goals for retirement. Select the Contact Us tab at the top of this page for your retirement provider's phone number and website.
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Get quick answers or help enrolling.
| Fidelity | 1-800-343-0860 |
| TIAA | 1-800-842-2252 |
| AIG | 1-800-448-2542 |
| Voya | 972-643-6304 |
The providers above are independent entities and are not legally affiliated.
Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus and, if available, 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.
2Total 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
