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401(a) Defined Contribution Retirement Plan
The University sponsors the 401(a) Defined Contribution Retirement plan. For University employees in exempt (salaried) positions, the University contributes an amount equal to 14.2% of your salary to the 401(a) plan.
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 FREEDOM 2010 K6
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
11.41% |
0.64% |
4.58% |
4.66% |
6.07% |
4.36% |
6.59% |
08/31/2024 |
FID FREEDOM 2015 K6
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
12.98% |
1.01% |
5.56% |
5.36% |
5.76% |
4.60% |
7.75% |
08/31/2024 |
FID FREEDOM 2020 K6
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
14.53% |
1.31% |
6.50% |
5.96% |
6.65% |
4.83% |
8.83% |
08/31/2024 |
FID FREEDOM 2025 K6
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
15.94% |
1.77% |
7.34% |
6.48% |
6.59% |
5.04% |
9.78% |
08/31/2024 |
FID FREEDOM 2030 K6
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
17.09% |
2.36% |
8.42% |
7.28% |
7.11% |
5.10% |
10.66% |
08/31/2024 |
FID FREEDOM 2035 K6
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
19.12% |
3.31% |
10.20% |
8.29% |
7.54% |
5.15% |
12.20% |
08/31/2024 |
FID FREEDOM 2040 K6
Inception Date 09/06/2000 |
Blended Investments* |
N/A |
21.55% |
4.39% |
11.64% |
8.94% |
5.60% |
5.24% |
14.18% |
08/31/2024 |
FID FREEDOM 2045 K6
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
22.54% |
4.80% |
11.90% |
9.06% |
7.42% |
5.36% |
14.89% |
08/31/2024 |
FID FREEDOM 2050 K6
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
22.44% |
4.78% |
11.88% |
9.05% |
7.31% |
5.28% |
14.87% |
08/31/2024 |
FID FREEDOM 2055 K6
Inception Date 06/01/2011 |
Blended Investments* |
N/A |
22.49% |
4.77% |
11.88% |
9.05% |
9.22% |
5.27% |
14.86% |
08/31/2024 |
FID FREEDOM 2060 K6
Inception Date 08/05/2014 |
Blended Investments* |
N/A |
22.46% |
4.78% |
11.87% |
9.04% |
9.36% |
5.32% |
14.89% |
08/31/2024 |
FID FREEDOM 2065 K6
Inception Date 06/28/2019 |
Blended Investments* |
N/A |
22.56% |
4.79% |
11.86% |
-- |
11.02% |
5.34% |
14.90% |
08/31/2024 |
FID FREEDOM INC K6
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
9.99% |
0.45% |
3.21% |
3.50% |
4.52% |
4.12% |
5.56% |
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 |
|||
AC SUSTAINABLE EQ R6
Inception Date 11/30/2004 |
Stock Investments |
N/A |
19.66% |
8.06% |
14.40% |
12.53% |
10.84% |
8.25% |
17.12% |
07/31/2024 |
AM CENT SM CAP GR R6
Inception Date 06/01/2001 |
Stock Investments |
N/A |
13.51% |
-0.37% |
10.77% |
12.06% |
9.86% |
12.83% |
12.46% |
07/31/2024 |
FID 500 INDEX
Inception Date 02/17/1988 |
Stock Investments |
N/A |
27.12% |
9.37% |
15.90% |
12.97% |
11.00% |
7.39% |
19.51% |
08/31/2024 |
FID BLUE CHIP GR K6
Inception Date 05/25/2017 |
Stock Investments |
N/A |
34.37% |
7.15% |
22.11% |
-- |
19.51% |
4.48% |
24.22% |
08/31/2024 |
FID EMERGING MKTS K
Inception Date 11/01/1990 |
Stock Investments |
N/A |
14.81% |
-3.60% |
7.13% |
5.75% |
5.54% |
3.82% |
10.15% |
08/31/2024 |
FID EXTD MKT IDX
Inception Date 11/05/1997 |
Stock Investments |
N/A |
20.46% |
-0.65% |
10.64% |
8.91% |
8.46% |
6.34% |
9.99% |
08/31/2024 |
FID GLB EX US IDX
Inception Date 09/08/2011 |
Stock Investments |
N/A |
18.20% |
2.21% |
7.62% |
4.46% |
5.84% |
4.54% |
11.22% |
08/31/2024 |
FID INTL CAP APPREC
Inception Date 11/01/1994 |
Stock Investments |
N/A |
24.93% |
2.19% |
9.56% |
8.49% |
7.22% |
5.74% |
13.27% |
08/31/2024 |
FID LOW-PRICED ST K6
Inception Date 05/26/2017 |
Stock Investments |
N/A |
21.09% |
7.97% |
14.05% |
-- |
10.89% |
2.93% |
11.96% |
08/31/2024 |
FID REAL ESTATE IDX
Inception Date 09/08/2011 |
Stock Investments |
N/A |
20.37% |
-0.44% |
2.84% |
5.27% |
7.28% |
15.67% |
9.96% |
08/31/2024 |
FID SM CAP IDX
Inception Date 09/08/2011 |
Stock Investments |
N/A |
18.55% |
0.72% |
9.78% |
8.18% |
10.99% |
7.53% |
10.45% |
08/31/2024 |
FID SMALL CAP VALUE
Inception Date 11/03/2004 |
Stock Investments |
N/A |
20.06% |
5.96% |
14.04% |
9.58% |
10.62% |
8.68% |
10.82% |
08/31/2024 |
FID TOTAL MKT IDX
Inception Date 11/05/1997 |
Stock Investments |
N/A |
26.20% |
7.72% |
15.09% |
12.30% |
8.88% |
7.25% |
18.18% |
08/31/2024 |
FID WORLDWIDE
Inception Date 05/30/1990 |
Stock Investments |
N/A |
30.89% |
5.31% |
14.32% |
11.18% |
8.99% |
3.36% |
24.46% |
08/31/2024 |
HTFD S INTL STK SDR
Inception Date 12/20/1985 |
Stock Investments |
N/A |
13.07% |
2.63% |
10.28% |
6.89% |
7.69% |
7.90% |
13.93% |
07/31/2024 |
MSIF DISCOVERY I
Inception Date 03/30/1990 |
Stock Investments |
N/A |
6.58% |
-21.82% |
2.03% |
8.13% |
11.53% |
6.29% |
9.24% |
07/31/2024 |
VANG WINDSOR II ADM
Inception Date 06/24/1985 |
Stock Investments |
N/A |
18.92% |
8.38% |
14.03% |
10.94% |
11.04% |
7.96% |
15.09% |
07/31/2024 |
FID BALANCED K6
Inception Date 06/14/2019 |
Blended Investments* |
N/A |
20.11% |
5.60% |
12.33% |
-- |
12.28% |
5.60% |
13.60% |
08/31/2024 |
FID CORPORATE BOND
Inception Date 05/04/2010 |
Bond Investments |
N/A |
9.89% |
-2.12% |
0.78% |
2.68% |
4.10% |
4.81% |
4.29% |
08/31/2024 |
FID INFL PR BD IDX
Inception Date 05/16/2012 |
Bond Investments |
N/A |
6.12% |
-1.34% |
2.00% |
2.07% |
1.72% |
3.39% |
3.57% |
08/31/2024 |
FID INVST GR BD
Inception Date 08/06/1971 |
Bond Investments |
N/A |
7.83% |
-1.81% |
0.77% |
2.11% |
6.25% |
4.85% |
3.50% |
08/31/2024 |
FID TOTAL BOND K6
Inception Date 05/25/2017 |
Bond Investments |
N/A |
8.25% |
-1.18% |
1.29% |
-- |
2.28% |
4.79% |
3.80% |
08/31/2024 |
FID US BOND IDX
Inception Date 03/08/1990 |
Bond Investments |
N/A |
7.21% |
-2.13% |
-0.07% |
1.61% |
5.09% |
4.83% |
3.13% |
08/31/2024 |
HTFD STRAT INC R6
Inception Date 05/31/2007 |
Bond Investments |
N/A |
10.97% |
0.17% |
3.24% |
3.70% |
4.49% |
5.17% |
7.35% |
07/31/2024 |
MIP CL 1
Inception Date 09/07/1989 7 day yield % as of 07/31/2024: 2.12 ** |
Bond Investments |
N/A |
1.91% |
1.41% |
1.40% |
1.39% |
3.65% |
0.53% |
1.34% |
08/31/2024 |
TRP SHORT TERM BD I
Inception Date 03/02/1984 |
Bond Investments |
N/A |
6.31% |
0.97% |
1.87% |
1.76% |
4.51% |
2.43% |
4.19% |
07/31/2024 |
VANG LT INV GR ADM
Inception Date 07/09/1973 |
Bond Investments |
N/A |
4.47% |
-7.03% |
-0.84% |
2.69% |
7.46% |
6.81% |
1.96% |
07/31/2024 |
VANG TOT BD MKT ADM
Inception Date 12/11/1986 |
Bond Investments |
N/A |
5.19% |
-2.66% |
0.21% |
1.59% |
5.12% |
5.05% |
3.05% |
07/31/2024 |
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 |
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
Eligible employees are automatically enrolled by the University.
Be sure to complete your beneficiary designation in NetBenefits.
Most campus employees are immediately vested; however, employees in patient care positions participating in the Plan H Benefit Program have a vesting requirement.
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'.
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% with a maximum of $50,000 of your vested account balance across your plans
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 $35and there is a quarterly maintenance fee of $3.75. 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.
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 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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