Investment Options
Whether you prefer to manage your own investments or leave the day-to-day decisions to professionals, your Plan’s investment menu has options for you.
Below is a performance summary of all the investments in your plan available through Fidelity. Click on an investment to view quarter-end returns, risks, fees, and expenses.
Tier One: Target Date Funds
Target Date Funds give you a complete investment strategy in a single fund. Target 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. You may choose the fund closest to the year you expect to retire – your “target date” – or any other year appropriate for your circumstances.
Target Date Funds are based on an anticipated retirement date.
Explore your investment options below.
Quarterly Data as of 12.31.2023
Understanding investment performance: As you review this update, please remember that the performance data stated represents past performance, which does not guarantee 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 stated. To learn more or to obtain the most recent month-end performance, call Fidelity or visit www.401k.com, log in, choose plan, select “Investment Choices & Research”, and then pick investment option.
| Investments | Expense Ratios | Asset Class | Short-term Trading fee | Average Annual Total Returns | Cumulative Returns | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | 1 yr | 5 yr | 10 yr | Life | Inception Date | 3 mo | YTD | |||
| Fidelity Freedom® Index 2005 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 6.03% | 3.28% | 3.64% | 4.57% | 10/02/2009 | 1.35% | 1.35% |
| Fidelity Freedom® Index 2010 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 7.46% | 4.04% | 4.32% | 5.45% | 10/02/2009 | 1.96% | 1.96% |
| Fidelity Freedom® Index 2015 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 8.96% | 4.82% | 4.98% | 6.00% | 10/02/2009 | 2.56% | 2.56% |
| Fidelity Freedom® Index 2020 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 10.55% | 5.53% | 5.53% | 6.64% | 10/02/2009 | 3.22% | 3.22% |
| Fidelity Freedom® Index 2025 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 11.87% | 6.20% | 6.06% | 7.34% | 10/02/2009 | 3.73% | 3.73% |
| Fidelity Freedom® Index 2030 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 13.41% | 7.06% | 6.87% | 8.05% | 10/02/2009 | 4.28% | 4.28% |
| Fidelity Freedom® Index 2035 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 16.09% | 8.45% | 7.83% | 8.94% | 10/02/2009 | 5.26% | 5.26% |
| Fidelity Freedom® Index 2040 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 18.97% | 9.62% | 8.42% | 9.39% | 10/02/2009 | 6.44% | 6.44% |
| Fidelity Freedom® Index 2045 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 19.90% | 9.81% | 8.51% | 9.50% | 10/02/2009 | 6.91% | 6.91% |
| Fidelity Freedom® Index 2050 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 19.92% | 9.81% | 8.51% | 9.54% | 10/02/2009 | 6.90% | 6.90% |
| Fidelity Freedom® Index 2055 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 19.88% | 9.81% | 8.51% | 8.66% | 06/01/2011 | 6.91% | 6.91% |
| Fidelity Freedom® Index 2060 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 19.83% | 9.80% | N/A | 8.56% | 08/05/2014 | 6.86% | 6.86% |
| Fidelity Freedom® Index 2065 Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 19.92% | N/A | N/A | 9.50% | 06/28/2019 | 6.96% | 6.96% |
| Fidelity Freedom® Index Income Fund Institutional Premium Class | 0.08% | 0.08% | Target Date | None | 6.03% | 2.97% | 3.10% | 3.50% | 10/02/2009 | 1.40% | 1.40% |
Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of Fund figures are reported as of the inception date to the period indicated. These figures do not include the effect of sales charges, if any, as these charges are waived for contributions made through your company's employee benefit plans. If sales charges were included, returns would have been lower.
Expense Ratio Footnotes
For a mutual fund, the expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent of the fund's total net assets. Where the investment option is not a mutual fund, the figure displayed in the expense ratio field is intended to reflect similar information. However, it may have been calculated using methodologies that differ from those used for mutual funds. Mutual fund data has been drawn from the most recent prospectus. For non-mutual fund investment options, the information has been provided by the trustee or plan sponsor. When no ratio is shown for these options it is due to the fact that none was available. Nevertheless, there may be fees and expenses associated with the investment option.
The net expense ratio is the total annual operating expense from the fund's most recent prospectus after any fee waiver and/or expense reimbursements that will reduce any fund operating expenses for no less than one year from the effective date of the fund's registration statement. This number does not include any fee waiver arrangement or expense reimbursement that may be terminated without agreement of the fund's board of trustees during the one-year period.
Morningstar Category Gross Expense Ratio: This figure represents average gross expense ratio paid by the funds in the Morningstar category. The information is based on the gross expense ratio as reported in each fund's most current prospectus and is provided by Morningstar.
Fidelity Freedom Funds are designed for investors expecting to retire around the year indicated in each fund's name. Except for the Freedom Income Fund, the funds' asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond. Ultimately, they are expected to merge with the Freedom Income Fund. The investment risks of each Fidelity Freedom Fund change over time as its asset allocation changes. They are subject to the volatility of the financial markets, including 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, commodity-related, foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.
Tier Two: Passive and Active Mutual Funds
Do you have the interest and want to spend the time choosing your own investments and managing your portfolio's diversification on an ongoing basis?
Each investment option is managed to achieve specific objectives, including a certain balance of risk and potential returns. For more information on any investment option listed below, simply click on its name.
Quarterly Data as of 12.31.2023
Understanding investment performance: As you review this update, please remember that the performance data stated represents past performance, which does not guarantee 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 stated. To learn more or to obtain the most recent month-end performance, call Fidelity or visit www.401k.com, log in, choose plan, select “Investment Choices & Research”, and then pick investment option.
| Investments | Expense Ratios | Asset Class | Short-term Trading fee | Average Annual Total Returns | Cumulative Returns | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | 1 yr | 5 yr | 10 yr | Life | Inception Date | 3 mo | YTD | |||
| Vanguard Total Bond Market Index Fund Institutional Shares | 0.035% | 0.035% | Bond | None | 1.67% | 0.39% | 1.53% | 5.13% | 12/11/1986 | -0.79% | -0.79% |
| Metropolitan West Total Return Bond Fund Plan Class | 0.37% | 0.37% | Bond | None | 1.58% | 0.51% | 1.63% | 5.06% | 03/31/1997 | -0.84% | -0.84% |
| Lord Abbett Short Duration Income Fund Class R6 | 0.31% | 0.31% | Bond | None | 4.56% | 1.89% | 2.16% | 3.80% | 11/04/1993 | 0.77% | 0.77% |
| Vanguard Institutional Index Fund Institutional Plus Shares | 0.02% | 0.02% | Domestic Equities | None | 29.86% | 15.03% | 12.95% | 10.57% | 07/31/1990 | 10.55% | 10.55% |
| Vanguard Russell 1000 Growth Index Fund Institutional Shares | 0.07% | 0.07% | Domestic Equities | None | 38.97% | 18.45% | 15.91% | 16.45% | 09/20/2010 | 11.39% | 11.39% |
| Vanguard Value Index Fund Institutional Shares | 0.04% | 0.04% | Domestic Equities | None | 21.12% | 11.54% | 10.45% | 9.88% | 11/02/1992 | 9.76% | 9.76% |
| Vanguard Mid-Cap Index Fund Institutional Shares | 0.04% | 0.04% | Domestic Equities | None | 20.45% | 10.94% | 9.90% | 10.03% | 05/21/1998 | 7.86% | 7.86% |
| Vanguard Small-Cap Value Index Fund Institutional Shares | 0.06% | 0.06% | Domestic Equities | None | 23.47% | 10.61% | 8.89% | 8.91% | 05/21/1998 | 7.13% | 7.13% |
| Vanguard Small-Cap Growth Index Fund Institutional Shares | 0.06% | 0.06% | Domestic Equities | None | 21.21% | 8.33% | 8.53% | 8.86% | 05/21/1998 | 7.99% | 7.99% |
| Vanguard Total International Stock Index Fund Institutional Shares | 0.08% | 0.08% | International | None | 13.00% | 6.19% | 4.48% | 4.89% | 04/29/1996 | 4.32% | 4.32% |
| American Funds EuroPacific Growth Fund® Class R-6 | 0.47% | 0.47% | International | None | 13.49% | 6.91% | 5.58% | 10.11% | 04/16/1984 | 7.44% | 7.44% |
| Dodge & Cox International Stock Fund Class I | 0.62% | 0.62% | International | None | 13.38% | 7.30% | 4.02% | 6.96% | 05/01/2001 | 3.13% | 3.13% |
| Vanguard Federal Money Market Fund Investor Shares* 7-Day Yield* % as of 03/31/2024: 5.28 | 0.11% | 0.11% | Money Market | None | 5.32% | 1.98% | 1.34% | 3.91% | 07/13/1981 | 1.32% | 1.32% |
Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of Fund figures are reported as of the inception date to the period indicated. These figures do not include the effect of sales charges, if any, as these charges are waived for contributions made through your company’s employee benefit plans. If sales charges were included, returns would have been lower.
Morningstar, Inc., provided data on the non-Fidelity mutual funds. Although the data is gathered from reliable sources, accuracy and completeness cannot be guaranteed by Morningstar.
*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.
American Funds EuroPacific Growth Fund® Class R-6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actual inception of 05/01/2009. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 04/16/1984, adjusted to reflect the fees and expenses of this share class (when this share class’s fees and expenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.
Lord Abbett Short Duration Income Fund Class R6: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actual inception of 06/30/2015. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 11/04/1993, adjusted to reflect the fees and expenses of this share class (when this share class’s fees and expenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.
Vanguard Extended Market Index Fund Institutional Shares: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actual inception of 07/07/1997. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 12/21/1987, adjusted to reflect the fees and expenses of this share class (when this share class’s fees and expenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.
Vanguard Total Bond Market Index Fund Institutional Shares: The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class’s actual inception of 09/18/1995. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 12/11/1986, adjusted to reflect the fees and expenses of this share class (when this share class’s fees and expenses are higher.) Please refer to a fund’s prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.
For a mutual fund, the expense ratio is the total annual fund or class operating expenses (before waivers or reimbursements) paid by the fund and stated as a percent of the fund's total net assets. Where the investment option is not a mutual fund, the figure displayed in the expense ratio field is intended to reflect similar information. However, it may have been calculated using methodologies that differ from those used for mutual funds. Mutual fund data has been drawn from the most recent prospectus. For non-mutual fund investment options, the information has been provided by the trustee or plan sponsor. When no ratio is shown for these options it is due to the fact that none was available. Nevertheless, there may be fees and expenses associated with the investment option.
The net expense ratio is the total annual operating expense from the fund's most recent prospectus after any fee waiver and/or expense reimbursements that will reduce any fund operating expenses for no less than one year from the effective date of the fund's registration statement. This number does not include any fee waiver arrangement or expense reimbursement that may be terminated without agreement of the fund's board of trustees during the one-year period.
Investment Risk
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market or economic developments.
Because of their narrow focus, sector funds may be more volatile than funds that diversify across many sectors.
Foreign investments, especially those in emerging markets, involve greater risk and may offer greater potential returns than U.S. investments. This risk includes political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation.
In general the bond market is volatile and bonds entail interest rate risk (as interest rates rise bond prices usually fall and vice versa). This effect is usually pronounced for longer-term securities. Bonds also entail the risk of issuer default, issuer credit risk and inflation risk.
Changes in real estate values or economic downturns can have a significant negative effect on issuers in the real estate industry.
Lower-quality debt securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer.
Investments in smaller companies may involve greater risk than those in larger, more well known companies.
You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.
Tier Three: TIAA Annuities
Annuities are investment products issued by insurance companies that can help you save for retirement, generate a stream of income in retirement, or both. There are different types of annuities with different purposes.
To view more information about this investment option, visit TIAA.
Tier Four: Fidelity BrokerageLink®
Looking for a Self-Directed Brokerage Account? Fidelity BrokerageLink® provides you with the opportunity to select from thousands of mutual funds—beyond the fund options offered directly through your plan. It’s designed for investors who have a good understanding of the financial markets and general principles of investing, and who are comfortable managing and monitoring their investments.
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.
For more information or to open a self-directed brokerage account, first enroll in your Fidelity workplace retirement savings plan. Then 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.
Another Option: Professional Management for Your Plan Account
You can also elect to have Fidelity Personalized Planning & Advice® manage your retirement investments. For a fee, the professionals at Fidelity will monitor and manage your Plan account on an ongoing basis with the balance of risk and return that’s appropriate based on your situation and goals. Your investments are adjusted as needed to reflect changes in the market and in your life. When you enroll in this service, your investments will be managed for you; you won’t be able to choose investments yourself.
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See a Snapshot of Your Investment Choices
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Review Investment Performance & Research
View your fund performance and get more details on investment choices.
Where to Go for More Help
Need help figuring out what investment mix is right for you?
Call
Fidelity: 800-642-7131
Representatives are available between 8 a.m. and 9 p.m. ET, Monday through Friday.
TIAA: 800-842-2252
Representatives are available between 8 a.m. and 10 p.m. ET, Monday through Friday.
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Meet at a time that's convenient for you, and feel free to include your spouse or partner.
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.
Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.