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University of Virginia
Fidelity Investments® Workplace Savings
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Plans & Investments

Plan Details

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.

  • Enrolling is fast and easy: Simply select the Enroll Now button on the right.
  • To learn more before you enroll, see Investment Options & Plan Basics below.
Enroll Now
  • Plan Basics

  • Investment Options

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.

DO IT FOR ME

Explore Your Investment Options - shows details. Click to open.

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

VANG FTSE SOC IDX IS

Inception Date 01/14/2003

Stock Investments

Large Cap

34.37%

16.31%

18.73%

14.68%

6.36%

5.35%

1.13%

02/28/2021

FID FREEDOM 2005 K

Inception Date 11/06/2003

Blended Investments

N/A

10.80%

6.47%

7.58%

5.35%

5.26%

2.17%

0.00%

02/28/2021

FID FREEDOM 2010 K

Inception Date 10/17/1996

Blended Investments

N/A

13.92%

7.31%

8.82%

6.27%

6.66%

3.02%

0.49%

02/28/2021

FID FREEDOM 2015 K

Inception Date 11/06/2003

Blended Investments

N/A

16.94%

8.09%

9.95%

6.86%

6.41%

3.92%

1.04%

02/28/2021

FID FREEDOM 2020 K

Inception Date 10/17/1996

Blended Investments

N/A

19.86%

8.84%

10.89%

7.37%

7.16%

4.82%

1.58%

02/28/2021

FID FREEDOM 2025 K

Inception Date 11/06/2003

Blended Investments

N/A

22.07%

9.38%

11.66%

7.96%

7.15%

5.44%

1.95%

02/28/2021

FID FREEDOM 2030 K

Inception Date 10/17/1996

Blended Investments

N/A

24.96%

9.97%

13.08%

8.63%

7.48%

6.22%

2.39%

02/28/2021

FID FREEDOM 2035 K

Inception Date 11/06/2003

Blended Investments

N/A

29.90%

10.83%

14.39%

9.30%

7.87%

7.72%

3.38%

02/28/2021

FID FREEDOM 2040 K

Inception Date 09/06/2000

Blended Investments

N/A

33.08%

11.43%

14.82%

9.54%

5.33%

8.80%

4.09%

02/28/2021

FID FREEDOM 2045 K

Inception Date 06/01/2006

Blended Investments

N/A

33.07%

11.42%

14.79%

9.55%

7.39%

8.78%

4.17%

02/28/2021

FID FREEDOM 2050 K

Inception Date 06/01/2006

Blended Investments

N/A

33.05%

11.44%

14.80%

9.53%

7.26%

8.83%

4.14%

02/28/2021

FID FREEDOM 2055 K

Inception Date 06/01/2011

Blended Investments

N/A

33.10%

11.43%

14.80%

--

9.83%

8.86%

4.11%

02/28/2021

FID FREEDOM 2060 K

Inception Date 08/05/2014

Blended Investments

N/A

33.08%

11.43%

14.77%

--

10.34%

8.83%

4.12%

02/28/2021

FID FREEDOM 2065 K

Inception Date 06/28/2019

Blended Investments

N/A

33.00%

--

--

--

18.84%

8.84%

4.11%

02/28/2021

FID FREEDOM INC K

Inception Date 10/17/1996

Blended Investments

N/A

9.04%

6.02%

6.43%

4.53%

4.98%

1.70%

-0.26%

02/28/2021

VANG INST TR 2015

Inception Date 06/26/2015

Blended Investments

N/A

11.79%

7.23%

8.26%

--

6.36%

1.78%

-0.24%

02/28/2021

VANG INST TR 2020

Inception Date 06/26/2015

Blended Investments

N/A

15.98%

8.27%

9.77%

--

7.39%

2.95%

0.38%

02/28/2021

VANG INST TR 2025

Inception Date 06/26/2015

Blended Investments

N/A

18.80%

9.00%

10.86%

--

8.08%

3.65%

0.69%

02/28/2021

VANG INST TR 2030

Inception Date 06/26/2015

Blended Investments

N/A

21.22%

9.46%

11.74%

--

8.56%

4.43%

1.14%

02/28/2021

VANG INST TR 2035

Inception Date 06/26/2015

Blended Investments

N/A

23.57%

9.88%

12.57%

--

9.02%

5.18%

1.57%

02/28/2021

VANG INST TR 2040

Inception Date 06/26/2015

Blended Investments

N/A

25.91%

10.28%

13.40%

--

9.45%

5.91%

2.01%

02/28/2021

VANG INST TR 2045

Inception Date 06/26/2015

Blended Investments

N/A

28.33%

10.72%

13.89%

--

9.84%

6.64%

2.44%

02/28/2021

VANG INST TR 2050

Inception Date 06/26/2015

Blended Investments

N/A

28.53%

10.77%

13.92%

--

9.87%

6.73%

2.47%

02/28/2021

VANG INST TR 2055

Inception Date 06/26/2015

Blended Investments

N/A

28.57%

10.78%

13.92%

--

9.88%

6.72%

2.46%

02/28/2021

VANG INST TR 2060

Inception Date 06/26/2015

Blended Investments

N/A

28.59%

10.80%

13.93%

--

9.88%

6.69%

2.49%

02/28/2021

VANG INST TR 2065

Inception Date 07/12/2017

Blended Investments

N/A

28.41%

10.74%

--

--

11.75%

6.69%

2.46%

02/28/2021

VANG INST TR INCOME

Inception Date 06/26/2015

Blended Investments

N/A

10.55%

7.01%

6.97%

--

5.77%

1.43%

-0.41%

02/28/2021

VANG TOT BD MK IS PL

Inception Date 12/11/1986

Bond/Stable Value Inv

Income

1.36%

5.35%

3.57%

3.56%

5.83%

-2.12%

-3.03%

02/28/2021

HELP ME DO IT

Explore Your Investment Options - shows details. Click to open.

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

35.64%

15.05%

17.47%

13.41%

10.32%

7.45%

3.14%

02/28/2021

VANG MIDCAP IDX INST

Inception Date 05/21/1998

Stock Investments

Mid-Cap

36.01%

13.73%

15.83%

12.23%

10.53%

9.00%

4.03%

02/28/2021

VANG SM CAP IDX INST

Inception Date 10/03/1960

Stock Investments

Small Cap

44.40%

14.80%

17.11%

12.25%

10.95%

16.49%

8.03%

02/28/2021

VAN EM MKT ST IDX IS

Inception Date 05/04/1994

Stock Investments

International

31.87%

6.28%

14.35%

4.00%

7.04%

10.84%

5.02%

02/28/2021

VANG DEV MKT IDX IS

Inception Date 08/17/1999

Stock Investments

International

24.37%

5.50%

10.58%

5.48%

4.68%

7.20%

2.23%

02/28/2021

VAN REAL EST IDX IS

Inception Date 05/13/1996

Stock Investments

Specialty

4.84%

10.56%

7.19%

8.22%

9.86%

6.25%

2.31%

02/28/2021

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

6.19%

6.20%

7.31%

6.16%

8.27%

1.28%

-0.06%

02/28/2021

VANG INFL PROT INST

Inception Date 06/29/2000

Bond/Stable Value Inv

Income

6.28%

6.03%

4.18%

3.51%

5.35%

-0.14%

-1.65%

02/28/2021

VANG ST BOND IDX IS

Inception Date 03/01/1994

Bond/Stable Value Inv

Income

2.35%

3.79%

2.43%

2.05%

4.02%

-0.21%

-0.50%

02/28/2021

VANG VMMR-FED MMKT

Inception Date 07/13/1981

Short-Term Investments

N/A

0.20%

1.39%

1.09%

0.55%

4.02%

0.00%

0.00%

02/28/2021

EXPANDED CHOICE

Explore Your Investment Options - shows details. Click to open.

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

38.71%

16.71%

20.06%

15.03%

12.91%

3.60%

-0.56%

02/28/2021

VANG PRIMECAP ADM

Inception Date 11/01/1984

Stock Investments

Large Cap

38.57%

14.90%

19.67%

15.32%

14.04%

13.01%

6.69%

02/28/2021

FID LOW PRICED STK K

Inception Date 12/27/1989

Stock Investments

Mid-Cap

33.47%

9.36%

12.47%

10.84%

13.40%

12.30%

9.14%

02/28/2021

FID DIVERSIFD INTL K

Inception Date 12/27/1991

Stock Investments

International

27.52%

9.26%

11.68%

7.04%

8.60%

4.26%

-1.58%

02/28/2021

Self-Directed Brokerage

Explore Your Investment Options - shows details. Click to open.

Are you interested in investing in options beyond what your plan offers?

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. Thenvisit 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.

Explore Plan Basics

Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.

Enrollment - shows details. Click to open.

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.

Contributions - shows details. Click to open.

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.

Vesting - shows details. Click to open.

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.

Beneficiaries - shows details. Click to open.

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.

Withdrawals - shows details. Click to open.

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 59˝, a 10% early withdrawal tax penalty.

For more information, call the Fidelity Retirement Services Center at 1-800-343-0860.

Moving money - shows details. Click to open.

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.

Account access - shows details. Click to open.

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.

Additional investment and account information - shows details. Click to open.

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®.

Make Updates to My Account

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Update my fund choices or provider to help meet my financial goals. Login now.

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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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