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VMMC 401(a) Retirement Plan
A 401(a) plan, also known as a Money Purchase Retirement Savings Plan, is a plan set up by an employer that allows tax-deferred contributions. All contributions are made by Virginia Mason.
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 |
|||
|
AB DISC GRTH I
Inception Date 07/07/1938 |
Stock Investments |
N/A |
6.81% |
-0.41% |
4.37% |
9.67% |
10.31% |
8.32% |
4.80% |
08/31/2023 |
|
BTC ACWI EX US IMI J
Inception Date 02/28/2011 |
Stock Investments |
N/A |
12.33% |
4.27% |
3.52% |
4.78% |
3.86% |
3.66% |
6.45% |
08/31/2023 |
|
BTC EQUITY INDEX W
Inception Date 03/05/1997 |
Stock Investments |
N/A |
15.95% |
10.54% |
11.16% |
12.85% |
8.79% |
8.29% |
13.89% |
08/31/2023 |
|
BTC EXTENDED MKTS M
Inception Date 06/02/1997 |
Stock Investments |
N/A |
8.42% |
5.41% |
5.26% |
9.15% |
8.95% |
10.06% |
8.03% |
08/31/2023 |
|
LZRD INTL STR EQ IS
Inception Date 10/31/2005 |
Stock Investments |
N/A |
13.84% |
3.05% |
2.93% |
4.44% |
5.49% |
2.11% |
5.69% |
08/31/2023 |
|
VANG EXPLORER VL INV
Inception Date 03/30/2010 |
Stock Investments |
N/A |
7.46% |
14.15% |
4.20% |
8.08% |
9.87% |
11.34% |
1.96% |
08/31/2023 |
|
VANG FTSE SOC IDX IS
Inception Date 01/14/2003 |
Stock Investments |
N/A |
16.71% |
8.61% |
11.16% |
13.24% |
6.38% |
8.14% |
16.99% |
08/31/2023 |
|
VANG US GROWTH ADM
Inception Date 01/06/1959 |
Stock Investments |
N/A |
20.30% |
-0.20% |
10.29% |
13.80% |
10.68% |
8.59% |
25.46% |
08/31/2023 |
|
PIM INFL RESP MA IS
Inception Date 08/31/2011 |
Blended Investments |
N/A |
0.47% |
5.43% |
5.48% |
3.79% |
2.92% |
3.74% |
2.65% |
08/31/2023 |
|
TRP RETIRE 2005 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
5.41% |
1.97% |
4.20% |
5.01% |
5.41% |
2.80% |
4.85% |
08/31/2023 |
|
TRP RETIRE 2010 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
5.91% |
2.39% |
4.51% |
5.46% |
5.96% |
3.06% |
5.18% |
08/31/2023 |
|
TRP RETIRE 2015 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
6.45% |
2.86% |
4.84% |
6.07% |
6.73% |
3.25% |
5.53% |
08/31/2023 |
|
TRP RETIRE 2020 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
6.88% |
3.29% |
5.16% |
6.70% |
7.47% |
3.53% |
5.81% |
08/31/2023 |
|
TRP RETIRE 2025 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
7.80% |
3.90% |
5.66% |
7.36% |
8.22% |
3.92% |
6.48% |
08/31/2023 |
|
TRP RETIRE 2030 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
9.30% |
4.67% |
6.19% |
7.99% |
8.92% |
4.66% |
7.42% |
08/31/2023 |
|
TRP RETIRE 2035 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
11.01% |
5.48% |
6.74% |
8.53% |
9.50% |
5.50% |
8.48% |
08/31/2023 |
|
TRP RETIRE 2040 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
12.44% |
6.22% |
7.23% |
8.98% |
9.95% |
6.26% |
9.44% |
08/31/2023 |
|
TRP RETIRE 2045 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
13.31% |
6.78% |
7.59% |
9.22% |
10.16% |
6.66% |
10.02% |
08/31/2023 |
|
TRP RETIRE 2050 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
13.61% |
6.88% |
7.62% |
9.24% |
10.18% |
6.83% |
10.21% |
08/31/2023 |
|
TRP RETIRE 2055 J
Inception Date 01/13/2012 |
Blended Investments |
N/A |
13.59% |
6.85% |
7.60% |
9.24% |
10.16% |
6.87% |
10.26% |
08/31/2023 |
|
TRP RETIRE 2060 J
Inception Date 12/05/2014 |
Blended Investments |
N/A |
13.58% |
6.85% |
7.62% |
-- |
8.17% |
6.90% |
10.22% |
08/31/2023 |
|
TRP RETIRE 2065 J
Inception Date 10/30/2020 |
Blended Investments |
N/A |
13.59% |
-- |
-- |
-- |
9.42% |
6.87% |
10.21% |
08/31/2023 |
|
BTC US DEBT INDEX J
Inception Date 06/06/1996 |
Bond/Stable Value Inv |
N/A |
-1.14% |
-4.35% |
0.54% |
1.56% |
4.30% |
-1.04% |
-0.02% |
08/31/2023 |
|
FIAM CORE PLUS CL H
Inception Date 06/30/2004 |
Bond/Stable Value Inv |
N/A |
0.28% |
-2.86% |
1.52% |
2.55% |
4.05% |
0.05% |
1.25% |
08/31/2023 |
FIXED INT OPTION
|
Bond/Stable Value Inv |
N/A |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
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 |
|||
|
JPMCB US VALUE CF-C
Inception Date 09/29/2021 |
Stock Investments |
N/A |
8.81% |
-- |
-- |
-- |
3.92% |
6.22% |
-- |
08/31/2023 |
Self-Directed Brokerage
Are you interested in investing in options beyond what your plan offers?
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 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.
A managed account is designed for people who prefer to have Fidelity manage their money for them, so they can focus on other aspects of their life.
Your employer gives you the opportunity to have a team of Fidelity professionals propose an investment strategy aligned to your personal goals and situation. Fidelity® Personalized Planning & Advice monitor your investments, and make adjustments as your life and the world around you changes-helping to keep you on track to retirement. This service provides discretionary money management for a fee and you may cancel at any time with no cancellation fee.
Learn more and get a free review of your portfolio by speaking with a Fidelity representative at 866-811-6041.
Fidelity® Personalized Planning & Advice at Work is a service of Fidelity Personal and Workplace Advisors LLC and Strategic Advisers LLC. Both are registered investment advisers, are Fidelity Investments companies and may be referred to as "Fidelity," "we," or "our" within. For more information, refer to the Terms and Conditions of the Program. When used herein, Fidelity Personalized Planning & Advice refers exclusively to Fidelity Personalized Planning & Advice at Work.
This service provides advisory services for a fee.
Learn the plan basics - including eligibility - of each retirement savings plan offered by your employer.
You are eligible to enroll in the Plan if you are at least 21 years old and have worked 1,000 hours or more in your first 12 months of employment.
You will be enrolled in the Plan automatically on the first day of the month after you become eligible.
Virginia Mason will contribute a percentage of your eligible compensation, if you are a plan participant, if you work 1,000 hours or more in a year and are an active employee on the last day of the year. This percentage will start at 3.5% and increase to 6.3% after five years of service.
You earn a year of vesting credit for each calendar year in which you work at 1,000 hours. Your total completed years of service determine your vesting.
Contributions Virginia Mason made for the 2016 plan year and subsequent years will become vested under a three-year cliff vesting schedule if you worked at least one hour after January 1, 2017. Account balances will vest as follows:
1 Year of Service = 0%
2 Years of Service = 0%
3 Years of Service = 100%
A five-year vest graded vesting schedule applies to contributions Virginia Mason made to participants accounts for the 2007 to 2015 plan years. These contributions became vested as follows:
1 Year of Service = 0%
2 Years of Service = 20%
3 Years of Service = 40%
4 Years of Service = 60%
5 Years of Service = 100%
A five-year cliff vesting schedule applies to contributions Virginia Mason made to participants accounts prior to the 2007 plan year. These contributions became vested as follows:
1 Year of Service = 0%
2 Years of Service = 0%
3 Years of Service = 0%
4 Years of Service = 0%
5 Years of Service = 100%
If you became a Retirement Plan participant prior to January 1, 2007, but were not vested prior to January 1, 2017, all vesting schedules will apply to your account.
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 your vested account balance from your plan when you leave your employer, retire or become permanently disabled. 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.
Although your plan account is intended for the future, you may borrow from your account for any reason. Generally, plan rules allow you to borrow up to 50% of your vested account balance.
The minimum loan amount is $1,000, and a loan must not exceed $50,000. Any outstanding loan balances from 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 ACH deductions from your bank account.
You may have one loan outstanding at a time. The cost to initiate a loan is $50. There is no quarterly or annual maintenance fee. The initiation fee is deducted directly from your plan account.
Note: 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 possibly to a 10% early withdrawal tax penalty. Defaulted loans may also impact your eligibility to request additional loans.
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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