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Vanderbilt University Retirement Plan
Your Vanderbilt University Retirement Plan offers a variety of benefits and investment options to help you save for your future.
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 |
|||
|
VANG TARGET RET 2020
Inception Date 06/07/2006 |
Blended Investments |
N/A |
-8.02% |
3.10% |
3.68% |
5.71% |
5.60% |
-0.45% |
3.39% |
02/28/2023 |
|
VANG TARGET RET 2025
Inception Date 10/27/2003 |
Blended Investments |
N/A |
-8.32% |
3.94% |
4.11% |
6.31% |
6.22% |
-0.45% |
3.42% |
02/28/2023 |
|
VANG TARGET RET 2030
Inception Date 06/07/2006 |
Blended Investments |
N/A |
-8.42% |
4.84% |
4.49% |
6.86% |
6.15% |
-0.44% |
3.47% |
02/28/2023 |
|
VANG TARGET RET 2035
Inception Date 10/27/2003 |
Blended Investments |
N/A |
-8.29% |
5.81% |
4.92% |
7.42% |
6.95% |
-0.46% |
3.46% |
02/28/2023 |
|
VANG TARGET RET 2040
Inception Date 06/07/2006 |
Blended Investments |
N/A |
-8.15% |
6.81% |
5.33% |
7.91% |
6.74% |
-0.37% |
3.41% |
02/28/2023 |
|
VANG TARGET RET 2045
Inception Date 10/27/2003 |
Blended Investments |
N/A |
-8.02% |
7.82% |
5.77% |
8.22% |
7.54% |
-0.38% |
3.42% |
02/28/2023 |
|
VANG TARGET RET 2050
Inception Date 06/07/2006 |
Blended Investments |
N/A |
-7.93% |
7.93% |
5.84% |
8.25% |
6.97% |
-0.36% |
3.36% |
02/28/2023 |
|
VANG TARGET RET 2055
Inception Date 08/18/2010 |
Blended Investments |
N/A |
-7.90% |
7.92% |
5.83% |
8.24% |
9.18% |
-0.33% |
3.37% |
02/28/2023 |
|
VANG TARGET RET 2060
Inception Date 01/19/2012 |
Blended Investments |
N/A |
-7.88% |
7.92% |
5.83% |
8.24% |
8.83% |
-0.33% |
3.40% |
02/28/2023 |
|
VANG TARGET RET 2065
Inception Date 07/12/2017 |
Blended Investments |
N/A |
-7.88% |
7.90% |
5.81% |
-- |
6.95% |
-0.35% |
3.38% |
02/28/2023 |
|
VANG TARGET RET 2070
Inception Date 06/28/2022 |
Blended Investments |
N/A |
-- |
-- |
-- |
-- |
4.96% |
-0.33% |
3.35% |
02/28/2023 |
|
VANG TARGET RET INC
Inception Date 10/27/2003 |
Blended Investments |
N/A |
-7.74% |
1.16% |
2.76% |
3.64% |
4.62% |
-0.46% |
3.35% |
02/28/2023 |
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 DIV GROWTH INV
Inception Date 05/15/1992 |
Stock Investments |
Large Cap |
-2.21% |
12.27% |
11.19% |
11.94% |
8.94% |
-4.77% |
-2.38% |
02/28/2023 |
|
VANG FTSE SOC IDX IS
Inception Date 01/14/2003 |
Stock Investments |
Large Cap |
-10.77% |
10.71% |
9.70% |
12.71% |
5.83% |
-1.50% |
6.18% |
02/28/2023 |
|
VANG INST INDEX PLUS
Inception Date 07/31/1990 |
Stock Investments |
Large Cap |
-7.71% |
12.14% |
9.81% |
12.24% |
9.94% |
-2.29% |
3.85% |
02/28/2023 |
|
JCKSNSQ SMID CPGR IS
Inception Date 12/01/2003 |
Stock Investments |
Mid-Cap |
-17.73% |
-0.43% |
3.23% |
8.98% |
9.20% |
1.33% |
1.41% |
02/28/2023 |
|
DFA US TARGET VALUE
Inception Date 02/23/2000 |
Stock Investments |
Small Cap |
3.83% |
21.13% |
9.33% |
10.43% |
11.07% |
1.75% |
-2.81% |
02/28/2023 |
|
VANG SM CAP IDX INST
Inception Date 10/03/1960 |
Stock Investments |
Small Cap |
-4.52% |
11.60% |
7.81% |
10.10% |
10.51% |
1.23% |
-0.97% |
02/28/2023 |
|
DODGE & COX GLOBAL I
Inception Date 05/01/2008 |
Stock Investments |
International |
-0.93% |
12.93% |
6.42% |
9.35% |
6.38% |
1.96% |
0.24% |
02/28/2023 |
|
HRDG LVNR INTL EQ IS
Inception Date 05/11/1994 |
Stock Investments |
International |
-6.47% |
6.03% |
3.09% |
5.76% |
5.98% |
1.34% |
3.80% |
02/28/2023 |
|
VANG TOT INTL STK IS
Inception Date 04/29/1996 |
Stock Investments |
International |
-7.40% |
5.40% |
1.87% |
4.27% |
4.52% |
1.67% |
3.16% |
02/28/2023 |
PRINCIPAL FIXED ACCT
Inception Date 07/01/1998 |
Bond/Stable Value Inv |
Stable Value |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
LOOMIS CORE PL BD Y
Inception Date 11/07/1973 |
Bond/Stable Value Inv |
Income |
-8.93% |
-2.51% |
1.07% |
1.79% |
6.51% |
0.37% |
4.14% |
02/28/2023 |
|
VANG TOT BD MKT INST
Inception Date 12/11/1986 |
Bond/Stable Value Inv |
Income |
-9.70% |
-3.77% |
0.55% |
1.09% |
5.17% |
-0.03% |
3.65% |
02/28/2023 |
|
VANG CR FED MM ADM
Inception Date 10/03/1989 7 day yield % as of 02/28/2023: 4.53 ** |
Short-Term Investments |
Other |
2.28% |
0.86% |
1.38% |
0.90% |
2.90% |
1.05% |
1.04% |
02/28/2023 |
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. Then visit 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 investment 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 the plan basics - including eligibility - of the savings plan offered by your employer.
Click on "Register" on the top toolbar to access or set up your account on Fidelity NetBenefits® and enroll in the Plan.
If you do not enroll prior to the date you become eligible to make mandatory contributions matched by Vanderbilt, your contributions will be invested in the target date fund that has a target retirement date closest to the year you might retire, assuming a retirement age of 65. Your beneficiary will be your spouse, if you are married, or your estate if you are not.
It's important to make your elections before this eligibility date if you do not want to be enrolled at the mandatory contribution level in a target date fund with Fidelity.
All Vanderbilt employees are eligible to participate in the Plan starting on the first day of the month following their start date, except:
The following categories of employees are eligible to participate in the Plan by making voluntary contributions, but are not eligible to receive matching contributions.
Employees are immediately vested 100% in their contributions and in Vanderbilt's matching contributions. This means employees immediately own their own contributions and Vanderbilt's contributions and may take them at the time they end employment with Vanderbilt.
For complete eligibility details for the retirement plan, visit http://hr.vanderbilt.edu/benefits/retirement/eligibility.php and refer to the Retirement Plan Summary Plan Description.
The Vanderbilt University 403(b) Retirement Plan includes two contribution levels:
Through automatic payroll deduction, you may contribute up to 100% of your eligible pay, up to the annual IRS dollar limits.
This annual limit applies to all voluntary contributions you make to the Vanderbilt University Retirement Plan as well as any other employer-sponsored plan. For the Vanderbilt University Retirement Plan, mandatory and match contributions do not count towards the voluntary contribution limit.
You can indicate or change your contribution percentages online using NetBenefits.
Pre-tax contributions
These contributions are made as a percent of your salary, prior to any income taxes being withheld. Mandatory contributions, and Vanderbilt's match on mandatory contributions, are made pre-tax.
Roth contributions
These contributions are made after-tax, and you can later 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 59˝, become disabled, or die. For more information, visit hr.vanderbilt.edu/benefits/retirement/roth.php.
"Catch-Up" contributions
If you are age 50 or will turn 50 during the calendar year January 1 - December 31 and are making the maximum plan or IRS pretax contribution, you may make an additional "catch-up" contribution each pay period. Going forward, catch-up contribution limits will be subject to cost of living adjustments (COLAs) in $500 increments.
All three contribution types are made through payroll deduction. You can modify your contribution types (pre-tax vs. Roth after-tax) using NetBenefits.
You have access to a range of investment choices in your plan, including conservative, moderately conservative, and aggressive funds. We encourage you to take an active role in your plan and choose investment options that best suit your goals, time horizon, and risk tolerance.
The Vanderbilt University 403(b) Retirement Plan includes three tiers of investment choices designed to accommodate participants who want to be less to more involved in managing their investments:
Tier 1: Target Date Funds - funds that offer a blend of stocks, bonds, and short-term investments within a single fund.
Tier 2: Core Investment Options - includes funds that give you the building blocks needed to create a diversified portfolio. These funds were selected and are actively monitored by Vanderbilt's Plan Oversight Committee. Investment options available through the Plan include conservative, moderately conservative, and aggressive funds.
Tier 3: Self-directed Brokerage Option - for investors who desire the most investment flexibility and choice, the Plan offers a self-directed brokerage option, which gives you access to many other mutual funds. BrokerageLink includes investments beyond those in your plan's lineup. Vanderbilt's Retirement Plan Oversight Committee 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. See the fact sheet and 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 investment 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.
Default Investment Option: If you do not elect specific investment options in the plan, your contributions will be invested in a Vanguard Target Retirement Fund.
The 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 it approaches the target date. The investment risk of each target date fund changes over time as its 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 target dates.
When you are automatically invested in a Vanguard Target Retirement Fund, your contributions will be invested in the target date fund closest to the year you might retire, based on your date of birth and assuming a retirement age of 65, at the direction of Vanderbilt. If you do not have a valid date of birth on file at Fidelity, your contributions may be invested in the Vanguard Target Retirement Income Fund.
When you are "vested" in your savings, it effectively means the money is yours to keep. You are immediately 100% vested in all contributions to the Vanderbilt University 403(b) Retirement Plan (both your own and Vanderbilt's matching contributions), as well as any earnings on them.
Your beneficiary or beneficiaries will inherit your account in the event of your death. You should designate a beneficiary when you enroll in your plan, and consider 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 do not designate a beneficiary, your default beneficiary will be your spouse, if you are married, or your estate, if you are not married.
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 Fidelity account for any reason. Account balances only held at Fidelity are eligible for a new loan.
Generally, the Plan allows you to borrow up to 50% of your vested account balance with the following guidelines:
To learn more, including the amount you may be able to take as a loan, or to start the process, call the Fidelity Retirement Services Center at 1-800-343-0860.
You are generally allowed to withdraw money from your plan when you leave your employer, retire, or reach age 59˝. Withdrawals may be subject to income taxes and, if they occur prior to you becoming age 59˝, a 10% early withdrawal tax penalty.
The following is a list of eligible withdrawals and distributions:
Vanderbilt requires most former employees with balances less than $1,000 in the Vanderbilt University 403(b) Retirement Plan to roll their savings over to another plan or account, or take the balance as a distribution. Click here to learn more.
To learn whether you qualify and request a withdrawal, call the Fidelity Retirement Services Center at 1-800-343-0860.
Faculty and staff working at Vanderbilt, and under the age of 59˝, are not permitted to take withdrawals from the Retirement Plan except in the case of a financial hardship as defined by the Internal Revenue Service. These may include:
Hardship withdrawals are limited to two per calendar year and can only be taken from assets held in accounts at Fidelity. You must submit appropriate supporting documentation to Fidelity with your application. If the distribution is approved, your voluntary contributions (and any associated match) will be suspended for a minimum of six months. You may choose to participate in the voluntary portion after this suspension period ends by logging on to NetBenefits and making a voluntary contribution election. Hardship withdrawals are subject to the terms of the applicable custodial agreement. Hardship withdrawals will be considered taxable income and are subject to a 10% penalty plus any applicable taxes.
To learn more about withdrawals or begin your request, call the Fidelity Retirement Service 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:
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®.
Each year, Vanderbilt Human Resources provides fee disclosure information to participants in, and those eligible for, the Vanderbilt University 403(b) Retirement Plan. The disclosure gives plan participants a complete, accurate picture of all the funds and associated expenses available. You can view the participant fee disclosure at http://hr.vanderbilt.edu/benefits/fee-disclosure.php.
The disclosure is for informational purposes only; no action is required.
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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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