To view this fund's performance and other information, log in to NetBenefits.
Virginia Polytechnic Institute and State University 403(b) Plan
A 403(b) plan allows eligible employees to save on a tax-deferred basis through salary deduction.
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 |
3.24% |
-0.90% |
2.78% |
3.59% |
4.36% |
-0.55% |
0.55% |
04/30/2024 |
FID FREEDOM 2010 K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
4.45% |
-0.66% |
3.54% |
4.29% |
5.88% |
-0.15% |
1.10% |
04/30/2024 |
FID FREEDOM 2015 K
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
5.78% |
-0.42% |
4.26% |
4.94% |
5.46% |
0.27% |
1.70% |
04/30/2024 |
FID FREEDOM 2020 K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
7.01% |
-0.21% |
4.95% |
5.49% |
6.41% |
0.71% |
2.35% |
04/30/2024 |
FID FREEDOM 2025 K
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
8.31% |
0.17% |
5.61% |
6.00% |
6.23% |
1.15% |
2.98% |
04/30/2024 |
FID FREEDOM 2030 K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
9.83% |
0.78% |
6.46% |
6.83% |
6.84% |
1.69% |
3.63% |
04/30/2024 |
FID FREEDOM 2035 K
Inception Date 11/06/2003 |
Blended Investments* |
N/A |
12.38% |
1.72% |
7.86% |
7.79% |
7.15% |
2.62% |
4.69% |
04/30/2024 |
FID FREEDOM 2040 K
Inception Date 09/06/2000 |
Blended Investments* |
N/A |
15.20% |
2.73% |
8.99% |
8.39% |
5.22% |
3.81% |
6.10% |
04/30/2024 |
FID FREEDOM 2045 K
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
16.06% |
3.03% |
9.19% |
8.47% |
6.93% |
4.14% |
6.63% |
04/30/2024 |
FID FREEDOM 2050 K
Inception Date 06/01/2006 |
Blended Investments* |
N/A |
16.08% |
3.03% |
9.19% |
8.48% |
6.82% |
4.17% |
6.63% |
04/30/2024 |
FID FREEDOM 2055 K
Inception Date 06/01/2011 |
Blended Investments* |
N/A |
16.05% |
3.02% |
9.19% |
8.47% |
8.58% |
4.16% |
6.65% |
04/30/2024 |
FID FREEDOM 2060 K
Inception Date 08/05/2014 |
Blended Investments* |
N/A |
16.08% |
3.03% |
9.18% |
-- |
8.51% |
4.23% |
6.62% |
04/30/2024 |
FID FREEDOM 2065 K
Inception Date 06/28/2019 |
Blended Investments* |
N/A |
16.06% |
3.01% |
-- |
-- |
9.47% |
4.19% |
6.64% |
04/30/2024 |
FID FREEDOM INC K
Inception Date 10/17/1996 |
Blended Investments* |
N/A |
3.21% |
-0.87% |
2.49% |
3.05% |
4.33% |
-0.54% |
0.56% |
04/30/2024 |
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 |
|||
FID 500 INDEX
Inception Date 02/17/1988 |
Stock Investments |
Large Cap |
22.66% |
8.05% |
13.18% |
12.40% |
10.74% |
4.28% |
7.98% |
04/30/2024 |
FID LG CAP GR IDX
Inception Date 06/07/2016 |
Stock Investments |
Large Cap |
31.85% |
8.47% |
16.45% |
-- |
17.07% |
4.10% |
9.53% |
04/30/2024 |
FID LG CAP VAL IDX
Inception Date 06/07/2016 |
Stock Investments |
Large Cap |
13.49% |
5.16% |
8.59% |
-- |
9.24% |
4.26% |
5.32% |
04/30/2024 |
FID US SUSTN IDX
Inception Date 05/09/2017 |
Stock Investments |
Large Cap |
26.08% |
8.67% |
13.86% |
-- |
13.79% |
4.37% |
8.33% |
04/30/2024 |
FID EXTD MKT IDX
Inception Date 11/05/1997 |
Stock Investments |
Mid-Cap |
21.12% |
-2.61% |
7.86% |
8.55% |
8.19% |
2.51% |
2.81% |
04/30/2024 |
FID MID CAP GR IDX
Inception Date 07/11/2019 |
Stock Investments |
Mid-Cap |
20.66% |
0.69% |
-- |
-- |
9.07% |
3.71% |
4.39% |
04/30/2024 |
FID MID CAP VAL IDX
Inception Date 07/11/2019 |
Stock Investments |
Mid-Cap |
14.07% |
3.24% |
-- |
-- |
8.15% |
4.41% |
4.18% |
04/30/2024 |
FID SM CAP GR IDX
Inception Date 07/11/2019 |
Stock Investments |
Small Cap |
12.56% |
-5.78% |
-- |
-- |
5.43% |
2.63% |
1.97% |
04/30/2024 |
FID SM CAP VAL IDX
Inception Date 07/11/2019 |
Stock Investments |
Small Cap |
14.05% |
-0.65% |
-- |
-- |
6.88% |
0.91% |
-0.21% |
04/30/2024 |
FID EMRG MKTS IDX
Inception Date 09/08/2011 |
Stock Investments |
International |
8.01% |
-6.07% |
1.46% |
2.93% |
2.33% |
7.10% |
5.27% |
04/30/2024 |
FID TOTAL INTL IDX
Inception Date 06/07/2016 |
Stock Investments |
International |
8.44% |
-0.01% |
4.97% |
-- |
6.00% |
3.79% |
4.41% |
04/30/2024 |
FID REAL ESTATE IDX
Inception Date 09/08/2011 |
Stock Investments |
Specialty |
-0.39% |
-3.50% |
-0.01% |
3.94% |
5.88% |
-4.33% |
-7.09% |
04/30/2024 |
FID ST BOND IDX
Inception Date 10/18/2017 |
Bond Investments |
N/A |
1.84% |
-0.75% |
1.00% |
-- |
1.18% |
-1.02% |
0.05% |
04/30/2024 |
FID INFL PR BD IDX
Inception Date 05/16/2012 |
Bond Investments |
Income |
-1.29% |
-1.58% |
2.02% |
1.86% |
1.34% |
-1.85% |
-0.61% |
04/30/2024 |
FID US BOND IDX
Inception Date 03/08/1990 |
Bond Investments |
Income |
-1.44% |
-3.56% |
-0.16% |
1.18% |
4.95% |
-3.06% |
-1.98% |
04/30/2024 |
A self-directed brokerage account allows you to make investments beyond those offered in 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 www.netbenefits.com > Quick Links > BrokerageLink where you can open an account or 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.
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 BLUE CHIP GR K6
Inception Date 05/25/2017 |
Stock Investments |
Large Cap |
43.76% |
6.55% |
18.93% |
-- |
18.57% |
7.80% |
13.86% |
04/30/2024 |
FID CONTRAFUND K6
Inception Date 05/25/2017 |
Stock Investments |
Large Cap |
35.72% |
8.68% |
14.84% |
-- |
15.24% |
7.44% |
15.39% |
04/30/2024 |
FID GROWTH CO K6
Inception Date 06/13/2019 |
Stock Investments |
Large Cap |
38.97% |
6.88% |
-- |
-- |
21.46% |
7.20% |
14.03% |
04/30/2024 |
HTFD EQUITY INC R6
Inception Date 08/28/2003 |
Stock Investments |
Large Cap |
14.19% |
8.80% |
10.78% |
9.58% |
9.69% |
4.68% |
2.65% |
03/31/2024 |
MFS VALUE R6
Inception Date 01/02/1996 |
Stock Investments |
Large Cap |
19.56% |
8.65% |
10.84% |
9.57% |
10.23% |
8.84% |
5.29% |
03/31/2024 |
JPM MID CAP VALUE R6
Inception Date 11/13/1997 |
Stock Investments |
Mid-Cap |
21.87% |
8.05% |
10.09% |
8.81% |
11.76% |
9.36% |
4.34% |
03/31/2024 |
TRP MID CAP GROWTH I
Inception Date 06/30/1992 |
Stock Investments |
Mid-Cap |
21.65% |
4.20% |
10.43% |
11.32% |
13.18% |
8.50% |
3.19% |
03/31/2024 |
ABF SM CAP VALUE R6
Inception Date 12/31/1998 |
Stock Investments |
Small Cap |
19.73% |
6.44% |
10.56% |
7.75% |
10.05% |
4.53% |
1.16% |
03/31/2024 |
VANG EXPLORER ADM
Inception Date 12/11/1967 |
Stock Investments |
Small Cap |
20.19% |
2.55% |
11.07% |
10.26% |
9.59% |
7.28% |
2.59% |
03/31/2024 |
DODGE & COX INT SK X
Inception Date 05/01/2001 |
Stock Investments |
International |
13.49% |
5.21% |
7.34% |
4.04% |
6.97% |
3.17% |
3.78% |
03/31/2024 |
FID DIVERSFD INTL K6
Inception Date 05/25/2017 |
Stock Investments |
International |
10.38% |
0.87% |
7.40% |
-- |
6.20% |
3.60% |
5.97% |
04/30/2024 |
FID INTL SMALL CAP
Inception Date 09/18/2002 |
Stock Investments |
International |
9.89% |
0.92% |
6.46% |
6.36% |
11.28% |
2.07% |
2.55% |
04/30/2024 |
FID WORLDWIDE
Inception Date 05/30/1990 |
Stock Investments |
International |
29.46% |
4.92% |
12.09% |
10.51% |
8.76% |
9.64% |
14.53% |
04/30/2024 |
COHEN & STEERS RLTY
Inception Date 07/02/1991 |
Stock Investments |
Specialty |
9.53% |
3.39% |
5.73% |
7.65% |
10.74% |
-0.49% |
-5.79% |
03/31/2024 |
FID TOTAL BOND K6
Inception Date 05/25/2017 |
Bond Investments |
Income |
0.26% |
-2.46% |
1.05% |
-- |
1.45% |
-2.63% |
-1.42% |
04/30/2024 |
VANG TREASURY MM
Inception Date 12/14/1992 7 day yield % as of 03/31/2024: 5.29 ** |
Short-Term Investments |
N/A |
5.29% |
2.62% |
1.97% |
1.33% |
2.39% |
1.32% |
1.84% |
03/31/2024 |
A self-directed brokerage account allows you to make investments beyond those offered in 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 www.netbenefits.com > Quick Links > BrokerageLink where you can open an account or 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.
When and Why:
Placeholder - FPRS Tier 4 description
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You are eligible to enroll in the plan immediately. When you are ready to get started, click the "Enroll Now" button above or call 800-343-0860.
To make your enrollment effective, it is important you complete a Voluntary Retirement Contribution Election Form with your benefits office.
You can contribute between 1% and 100% of your eligible pay, up to the annual IRS dollar limits. Click here to view the current year's contribution limit.
A type of retirement savings contribution that allows people over 50 to make additional contributions to their 403(b) and/or individual retirement accounts. The catch-up contribution provision was created by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), so that older individuals would be able to set aside enough savings for retirement.
Virginia Polytechnic Institute and State University offers a Roth contribution option under the Virginia Polytechnic Institute and State University 403(b) Plan.
Roth 403(b) contributions and withdrawals have tax implications that differ from your traditional pre-tax contributions. The Roth 403(b) allows you to contribute after-tax dollars but then withdraw the contributions and earnings on those contributions tax-free when you retire, provided it has been at least five years since your first Roth 403(b) contribution and the withdrawal is made for one of the following reasons:
You can make contributions to both a designated Roth 403(b) account and the traditional pre-tax 403(b) account in the same year and in any proportion that you choose. However, the combined amount of all elective 403(b) contributions is limited by the IRS. Click here to view the current year's contribution limit.
When you are "vested" in your savings, it effectively means the money is yours to keep. You are always 100% vested in all contributions you make 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.
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 59˝, 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.
Required Minimum Distributions-In general, participants in retirement plans must begin receiving annual required minimum distributions (RMD) when they attain age 72. However, most retirement plans allow participants, who are still working for the employer who sponsored the retirement, to defer RMD payments. Thus, the RMD generally does not need to start until the later of when the participant: (1) becomes age 72, or (2) terminates employment.
For more information regarding the withdrawal options available under this plan, call the Fidelity Retirement Services Center at 1-800-343-0860.
Note: The taxable portion of your withdrawal that is eligible for rollover into an individual retirement account (IRA) or another employer's retirement plan is subject to 20% mandatory federal income tax withholding, unless it is directly rolled over to an IRA or another employer plan. (You may owe more or less when you file your income taxes.) If you are under age 59˝, the taxable portion of your withdrawal is also subject to a 10% early withdrawal penalty, unless you qualify for an exception to this rule. The plan document and current tax laws and regulations will govern in case of a discrepancy. Be sure you understand the tax consequences and your plan's rules for distributions before you initiate a distribution. You may want to consult your tax advisor about your situation.
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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