UVA Optional Retirement Plan (ORP)
This site has been designed to give you a general description of the main features of the UVA Retirement Plans. Please see the Plan Basics section below for more information regarding the UVA Optional Retirement 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 2005 K
Inception Date 11/06/2003 |
Blended Investments |
N/A |
2.98% |
6.22% |
4.79% |
5.49% |
4.88% |
0.89% |
-1.14% |
09/30/2018 |
|
FID FREEDOM 2010 K
Inception Date 10/17/1996 |
Blended Investments |
N/A |
4.01% |
7.40% |
5.64% |
6.38% |
6.46% |
1.28% |
-1.34% |
09/30/2018 |
|
FID FREEDOM 2015 K
Inception Date 11/06/2003 |
Blended Investments |
N/A |
4.93% |
8.49% |
6.35% |
6.75% |
5.93% |
1.61% |
-1.36% |
09/30/2018 |
|
FID FREEDOM 2020 K
Inception Date 10/17/1996 |
Blended Investments |
N/A |
5.73% |
9.29% |
6.87% |
7.08% |
6.82% |
1.98% |
-1.46% |
09/30/2018 |
|
FID FREEDOM 2025 K
Inception Date 11/06/2003 |
Blended Investments |
N/A |
6.40% |
10.02% |
7.45% |
7.62% |
6.57% |
2.20% |
-1.52% |
09/30/2018 |
|
FID FREEDOM 2030 K
Inception Date 10/17/1996 |
Blended Investments |
N/A |
7.77% |
11.71% |
8.44% |
7.98% |
7.05% |
2.66% |
-1.54% |
09/30/2018 |
|
FID FREEDOM 2035 K
Inception Date 11/06/2003 |
Blended Investments |
N/A |
9.32% |
13.02% |
9.20% |
8.49% |
7.17% |
3.21% |
-1.56% |
09/30/2018 |
|
FID FREEDOM 2040 K
Inception Date 09/06/2000 |
Blended Investments |
N/A |
9.68% |
13.19% |
9.31% |
8.51% |
4.35% |
3.53% |
-1.56% |
09/30/2018 |
|
FID FREEDOM 2045 K
Inception Date 06/01/2006 |
Blended Investments |
N/A |
9.63% |
13.16% |
9.33% |
8.57% |
6.34% |
3.45% |
-1.56% |
09/30/2018 |
|
FID FREEDOM 2050 K
Inception Date 06/01/2006 |
Blended Investments |
N/A |
9.63% |
13.18% |
9.33% |
8.49% |
6.18% |
3.43% |
-1.59% |
09/30/2018 |
|
FID FREEDOM 2055 K
Inception Date 06/01/2011 |
Blended Investments |
N/A |
9.64% |
13.19% |
9.36% |
-- |
8.83% |
3.48% |
-1.56% |
09/30/2018 |
|
FID FREEDOM 2060 K
Inception Date 08/05/2014 |
Blended Investments |
N/A |
9.65% |
13.14% |
-- |
-- |
8.85% |
3.48% |
-1.53% |
09/30/2018 |
|
FID FREEDOM INC K
Inception Date 10/17/1996 |
Blended Investments |
N/A |
1.91% |
4.80% |
3.75% |
4.50% |
4.74% |
0.58% |
-1.20% |
09/30/2018 |
|
VANG INST TR 2015
Inception Date 06/26/2015 |
Blended Investments |
N/A |
4.60% |
7.24% |
-- |
-- |
5.07% |
1.82% |
-1.00% |
09/30/2018 |
|
VANG INST TR 2020
Inception Date 06/26/2015 |
Blended Investments |
N/A |
5.92% |
8.73% |
-- |
-- |
6.04% |
2.40% |
-1.15% |
09/30/2018 |
|
VANG INST TR 2025
Inception Date 06/26/2015 |
Blended Investments |
N/A |
6.85% |
9.80% |
-- |
-- |
6.67% |
2.80% |
-1.22% |
09/30/2018 |
|
VANG INST TR 2030
Inception Date 06/26/2015 |
Blended Investments |
N/A |
7.73% |
10.74% |
-- |
-- |
7.15% |
3.11% |
-1.30% |
09/30/2018 |
|
VANG INST TR 2035
Inception Date 06/26/2015 |
Blended Investments |
N/A |
8.54% |
11.66% |
-- |
-- |
7.64% |
3.46% |
-1.28% |
09/30/2018 |
|
VANG INST TR 2040
Inception Date 06/26/2015 |
Blended Investments |
N/A |
9.39% |
12.58% |
-- |
-- |
8.11% |
3.80% |
-1.31% |
09/30/2018 |
|
VANG INST TR 2045
Inception Date 06/26/2015 |
Blended Investments |
N/A |
9.92% |
12.97% |
-- |
-- |
8.44% |
4.02% |
-1.39% |
09/30/2018 |
|
VANG INST TR 2050
Inception Date 06/26/2015 |
Blended Investments |
N/A |
9.88% |
12.97% |
-- |
-- |
8.44% |
4.01% |
-1.39% |
09/30/2018 |
|
VANG INST TR 2055
Inception Date 06/26/2015 |
Blended Investments |
N/A |
9.84% |
12.94% |
-- |
-- |
8.43% |
4.01% |
-1.38% |
09/30/2018 |
|
VANG INST TR 2060
Inception Date 06/26/2015 |
Blended Investments |
N/A |
9.83% |
12.94% |
-- |
-- |
8.41% |
4.05% |
-1.38% |
09/30/2018 |
|
VANG INST TR 2065
Inception Date 07/12/2017 |
Blended Investments |
N/A |
9.93% |
-- |
-- |
-- |
11.61% |
3.94% |
-1.34% |
09/30/2018 |
|
VANG INST TR INCOME
Inception Date 06/26/2015 |
Blended Investments |
N/A |
3.34% |
5.42% |
-- |
-- |
4.18% |
1.34% |
-0.96% |
09/30/2018 |
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 |
|||
|
VANG TOT STK MKT IP
Inception Date 04/27/1992 |
Stock Investments |
N/A |
17.63% |
17.09% |
13.41% |
12.00% |
9.92% |
7.10% |
4.06% |
09/30/2018 |
|
VANG MIDCAP IDX INST
Inception Date 05/21/1998 |
Stock Investments |
Mid-Cap |
13.45% |
13.79% |
11.68% |
12.44% |
10.13% |
4.68% |
0.14% |
09/30/2018 |
|
VANG SM CAP IDX INST
Inception Date 10/03/1960 |
Stock Investments |
Small Cap |
16.72% |
16.35% |
11.49% |
12.39% |
10.86% |
4.78% |
2.46% |
09/30/2018 |
|
VAN EM MKT ST IDX IS
Inception Date 05/04/1994 |
Stock Investments |
International |
-3.08% |
10.12% |
3.02% |
4.76% |
6.41% |
-1.71% |
-14.84% |
09/30/2018 |
|
VANG DEV MKT IDX IS
Inception Date 08/17/1999 |
Stock Investments |
International |
2.79% |
9.85% |
4.85% |
5.55% |
4.35% |
1.09% |
-7.95% |
09/30/2018 |
|
VAN REAL EST IDX IS
Inception Date 05/13/1996 |
Stock Investments |
Specialty |
1.96% |
7.04% |
8.70% |
7.53% |
10.13% |
0.55% |
-4.89% |
09/30/2018 |
|
NYL GUAR INT ACCOUNT
|
Bond/Stable Value Inv |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
|
VANG HI YLD CORP ADM
Inception Date 12/27/1978 |
Bond/Stable Value Inv |
Income |
1.67% |
6.42% |
5.24% |
8.05% |
8.37% |
2.67% |
0.72% |
09/30/2018 |
|
VANG LT BOND IDX IS
Inception Date 03/01/1994 |
Bond/Stable Value Inv |
Income |
-2.75% |
3.40% |
5.18% |
7.11% |
7.02% |
-0.44% |
-7.25% |
09/30/2018 |
|
VANG ST BOND IDX IS
Inception Date 03/01/1994 |
Bond/Stable Value Inv |
Income |
-0.41% |
0.66% |
1.00% |
2.19% |
3.98% |
0.23% |
-0.19% |
09/30/2018 |
|
VANG TOT BD MKT INST
Inception Date 12/11/1986 |
Bond/Stable Value Inv |
Income |
-1.21% |
1.29% |
2.10% |
3.73% |
5.83% |
0.03% |
-2.16% |
09/30/2018 |
|
VANG INFL PROT INST
Inception Date 06/29/2000 |
Bond/Stable Value Inv |
Other |
0.27% |
1.93% |
1.32% |
3.19% |
5.12% |
-0.85% |
-1.73% |
09/30/2018 |
|
VANG VMMR-FED MMKT
Inception Date 07/13/1981 |
Short-Term Investments |
N/A |
1.50% |
0.79% |
0.48% |
0.34% |
4.20% |
0.48% |
1.31% |
09/30/2018 |
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 |
24.80% |
19.40% |
15.65% |
13.44% |
12.74% |
6.69% |
8.04% |
09/30/2018 |
|
VANG FTSE SOCIAL IDX
Inception Date 05/31/2000 |
Stock Investments |
Large Cap |
18.71% |
17.38% |
14.49% |
12.38% |
4.99% |
7.66% |
4.64% |
09/30/2018 |
|
VANG PRIMECAP ADM
Inception Date 11/01/1984 |
Stock Investments |
Large Cap |
22.95% |
21.39% |
17.27% |
14.14% |
14.02% |
9.61% |
6.80% |
09/30/2018 |
|
FID LOW PRICED STK K
Inception Date 12/27/1989 |
Stock Investments |
Mid-Cap |
10.17% |
11.36% |
9.47% |
12.00% |
13.68% |
2.34% |
-1.61% |
09/30/2018 |
|
FID DIVERSIFD INTL K
Inception Date 12/27/1991 |
Stock Investments |
International |
2.48% |
8.21% |
5.55% |
5.71% |
8.29% |
1.44% |
-8.26% |
09/30/2018 |
When and Why:
Are you interested in investing in options beyond what your plan offers?
A BrokerageLink® includes investments beyond those in your plan's lineup. The plan fiduciary neither evaluates nor monitors the investments available through BrokerageLink®. It is your responsibility to ensure the investments you select are suitable for your situation including your goals, time horizon, and risk tolerance. See the fact sheet and commission schedule for applicable fees and risks.
For more information or to open your own BrokerageLink® account, first ENROLL in your Fidelity workplace retirement plan. Once you have opened your Fidelity account, you can then visit BrokerageLink® Central to review additional information and enroll in the self-directed brokerage account.
Video: Is Fidelity BrokerageLink® Right for Me?
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You have 60 days from your hire date to enroll in the ORP. If you do not choose a program, you will be automatically enrolled in the Virginia Retirement System (VRS).
To enroll, visit the Get Started Page or call 800-343-0860.
State legislation passed on March 15, 2010, has created two plans for ORP members. House Bill 1189 and Senate Bill 232 are referred to as Plan 2 and the current provisions as Plan 1. The provisions for Plans 1 and 2 will be effective July 1, 2010.
Plan 1
Eligibility: All current UVA employees participating in the ORP are in Plan 1 and this legislation does not affect them. Employees hired on or before March 15, 2010 are in Plan 1. Employees whose contracts are executed between March 16, 2010 and June 30, 2010 and begin employment before July 1, 2010 will be in Plan 1.
Contribution: The University will continue to contribute 10.4% of salary to the ORP for employees in Plan 1.
Plan 2
Eligibility: Employees whose contracts are executed between March 16, 2010 and June 30, 2010 and start work on or after July 1, 2010 will be in Plan 2. Employees whose contracts are executed after July 1, 2010, and forward, are in Plan 2 regardless of start date. In addition, "rehired employees" will be eligible for Plan 2. Rehired employees are those who take a refund of the funds in their member contribution account or ORP account from a previous position and return to covered employment with no service credit.
Contribution: The University will contribute 8.9% of salary to the ORP for employees in Plan 2. Employees in Plan 2 are required to make a 5% member contribution.
When you are "vested" in your savings, it effectively means the money is yours to keep. For employees hired or rehired prior to July 1, 2014, you are immediately 100% vested in all contributions to your plan, as well as any earnings on them. For employees hired or rehired on or after July 1, 2014, you are immediately 100% vested in your employee contributions and 100% vested in any employer contributions after 2 years of continuous employment.
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.
To designate your beneficiary(ies), please complete a Beneficiary Designation Form.
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 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®.
Learn how to manage for inflation, market ups and downs, longevity, and more.
Use the calculator that matches your plan type to determine your salary deferral amount.
An effective plan starts with a solid budget. Build yours now by zeroing in on your cash flow.
Call for a consultation to discuss and plan for your retirement needs.
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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.
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.
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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