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USC 403(b) Tax-Deferred Annuity Plan
The USC Tax Deferred Annuity Plan is the 403(b) part of the USC Retirement Savings Program into which you make pretax and Roth matched and supplemental contributions.
Choose from the list of investments below.
Below is a performance summary of all the investments in your plan. Click an investment to view quarter-end returns, risks, fees and expenses.
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 |
23.35% |
5.97% |
10.84% |
13.78% |
12.58% |
9.41% |
25.44% |
08/31/2023 |
|
JH DISCPL VALUE R6
Inception Date 01/02/1997 |
Stock Investments |
Large Cap |
11.44% |
15.52% |
7.72% |
9.47% |
8.81% |
10.57% |
5.11% |
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 |
|
VANG INST INDEX PLUS
Inception Date 07/31/1990 |
Stock Investments |
Large Cap |
15.92% |
10.50% |
11.11% |
12.80% |
10.23% |
8.28% |
13.87% |
08/31/2023 |
|
CRLN E MID CAP GR R6
Inception Date 08/20/1998 |
Stock Investments |
Mid-Cap |
6.48% |
3.76% |
7.54% |
11.81% |
11.59% |
7.81% |
5.56% |
08/31/2023 |
|
MFS MID CAP VALUE R6
Inception Date 08/31/2001 |
Stock Investments |
Mid-Cap |
7.64% |
13.96% |
7.94% |
9.53% |
8.89% |
8.60% |
2.06% |
08/31/2023 |
|
VANG MIDCAP IDX INST
Inception Date 05/21/1998 |
Stock Investments |
Mid-Cap |
6.73% |
8.45% |
7.47% |
10.09% |
9.66% |
8.23% |
3.67% |
08/31/2023 |
|
LOOMIS SM CP GRTH IS
Inception Date 12/31/1996 |
Stock Investments |
Small Cap |
10.31% |
4.08% |
4.66% |
9.33% |
7.45% |
8.48% |
2.84% |
08/31/2023 |
|
VANG SM CAP IDX INST
Inception Date 10/03/1960 |
Stock Investments |
Small Cap |
7.84% |
9.83% |
5.51% |
9.23% |
10.47% |
9.89% |
3.74% |
08/31/2023 |
|
VICTORY S SMCO OP R6
Inception Date 08/16/1983 |
Stock Investments |
Small Cap |
7.95% |
14.38% |
6.61% |
10.39% |
9.76% |
9.03% |
-0.30% |
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 |
|
MFS INTL INTR VAL R6
Inception Date 10/24/1995 |
Stock Investments |
International |
16.83% |
1.62% |
5.24% |
7.87% |
7.83% |
3.48% |
8.34% |
08/31/2023 |
|
VAN EM MKT ST IDX IS
Inception Date 05/04/1994 |
Stock Investments |
International |
1.76% |
-0.05% |
2.20% |
3.45% |
5.75% |
4.20% |
3.27% |
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 |
|
WM BLR EM MKT LDR R6
Inception Date 03/26/2008 |
Stock Investments |
International |
-2.48% |
-7.19% |
0.74% |
2.83% |
1.39% |
0.72% |
-1.32% |
08/31/2023 |
|
PIF REAL EST SEC IS
Inception Date 12/06/2000 |
Stock Investments |
Specialty |
-4.99% |
4.88% |
4.91% |
8.17% |
10.09% |
4.02% |
-0.32% |
08/31/2023 |
|
FID BALANCED K
Inception Date 11/06/1986 |
Blended Investments* |
N/A |
11.72% |
6.79% |
8.74% |
9.63% |
9.34% |
5.15% |
11.59% |
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 2070
Inception Date 06/28/2022 |
Blended Investments* |
N/A |
12.34% |
-- |
-- |
-- |
11.92% |
5.80% |
9.44% |
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 |
NYL GUAR INT ACCOUNT
Inception Date 03/01/2016 |
Bond Investments |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
AS SH DUR GOVT BD R6
Inception Date 12/18/1992 |
Bond Investments |
Income |
0.43% |
-1.68% |
0.59% |
0.74% |
3.45% |
0.22% |
1.35% |
08/31/2023 |
|
METWEST TOT RTN BD P
Inception Date 03/31/1997 |
Bond Investments |
Income |
-1.59% |
-4.56% |
0.64% |
1.65% |
5.04% |
-1.10% |
-0.22% |
08/31/2023 |
|
MS MK HY CORP BD R6
Inception Date 05/01/1986 |
Bond Investments |
Income |
7.03% |
2.61% |
3.58% |
4.62% |
7.18% |
2.54% |
6.13% |
08/31/2023 |
|
PIM REAL RETURN INST
Inception Date 01/29/1997 |
Bond Investments |
Income |
-3.51% |
-1.48% |
2.35% |
2.09% |
5.07% |
-0.80% |
0.19% |
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 |
|
VG TL INTL BD IDX IS
Inception Date 05/31/2013 |
Bond Investments |
Income |
0.92% |
-3.39% |
0.30% |
2.09% |
1.92% |
0.11% |
2.83% |
08/31/2023 |
|
FIMM GOVT INST
Inception Date 07/25/1985 7 day yield % as of 08/31/2023: 5.25 ** 7 day restated yield % as of 08/31/2023: 5.20 *** |
Short-Term Investments |
N/A |
4.33% |
1.58% |
1.59% |
1.01% |
3.32% |
1.29% |
3.56% |
08/31/2023 |
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You are eligible to enroll in the Matched component of the Plan after completing a one year eligibility period in an eligible job classification. You are eligible to enroll in the Supplemental component immediately. Use Workday to set up your payroll deductions. You will also use Workday to stop or change your contributions.
You can contribute between 0% and 5% of eligible pay to the Matched component as either pre-tax or Roth. Click here to view the current year's contribution limit.
Important Information to Employees hired on or after January 1, 2012.
The USC Retirement Savings Program makes matching USC contributions that equal 100% of your matched pre-tax or Roth employee contributions that do not exceed 5% of your eligible earnings. The University also makes a 5% non-elective contribution whether or not you contribute. This means that the University will make a total 10% contribution if you make a 5% employee contribution.
|
YOU |
USC Match 100% Vested |
USC Non-Elective* |
USC Total |
|
5% |
5% |
5% |
10% |
|
4% |
4% |
5% |
9% |
|
3% |
3% |
5% |
8% |
|
2% |
2% |
5% |
7% |
|
1% |
1% |
5% |
6% |
|
0% |
0% |
5% |
5% |
Your Pretax contributions are deducted from your pay before income taxes are taken out. This means that you can actually lower the amount of current income taxes you pay each period. It could mean more money in your take-home pay versus saving money in a taxable account.
With Roth contributions, you can make after-tax payroll contributions to your plan up to the IRS limits 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.
Unlike a Roth IRA, there are no income limits to be eligible for a Roth 403(b) option within an employer-sponsored retirement 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 financial professional at 1-800-343-0860.
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 of your own 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 are married, your spouse is automatically the beneficiary of 50% of your 403(b) account whether or not you have designated this, unless a notarized spousal waiver has been completed.
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, retire, reach age 59½, or become permanently disabled. Also, you may be eligible for an in-service 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 penalty.
Participants in the USC retirement plans must begin receiving annual minimum required distributions (MRD) when they attain age 72. However, participants who are still working at USC can defer MRD payments, from their USC accounts, thus the MRD generally does not need to start until the later of when the participant
However, Federal tax law does not allow participants who own 5% or more of their employer (shares of stock, partnership interest, or sole proprietor) to defer the start date of their MRD beyond when they become age 72 even when they continue to work. The MRD must begin by April 1st of the year following the year in which you become subject to the above rules. Once you become subject to the MRD requirements, you will need to contact Fidelity to make any elections. If no action is taken, USC will direct Fidelity to force out the MRD payment.
Although your plan account is intended for the future, you may borrow from your account for any reason. Generally, the USC 403(b) Tax Deferred Annuity Plan allows you to borrow up to 50% of your vested account balance in the Supplemental source.
The minimum loan amount is $1,000, and a loan must not exceed $50,000, from all sources of all plans sponsored by the University. The highest outstanding loan balances over 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 after-tax payroll deductions. The maximum period for a general loan is 5 years; 10 years for the documented purchase of a primary residence. (Notarized spousal consent is required on all loans). The cost to initiate a loan is $35.00, and there is a quarterly maintenance fee of $3.75. The initiation and maintenance fees are deducted directly from your plan account.
Note: If you terminate employment before paying off your loan, you must make arrangements with Fidelity to continue payments directly. 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 also to a 10% early withdrawal tax penalty if you are under 59½. Defaulted loans are considered to be outstanding and will affect your eligibility to request additional loans. Be sure you understand the Plan guidelines before you initiate a loan from your plan account.
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 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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