Retirement RedesignDecision Guide
April 2018
BENEFITSmy
If you need this information in an alternate format, please contact the Human Resource Information Center at 919-684-5600.Si necesita esta información en otro formato, por favor comuníquese con el Centro de Información de Recursos Humanos al 919-684-5600.
Rev. 05/2018
IMPORTANT INFORMATION ABOUT YOUR DUKE FACULTY AND STAFF RETIREMENT PLAN
New Investment Lineup Retirement Plan Decision Guide
Redesigning the Duke Faculty and Staff Retirement Plan ...........................2
Plan changes overview .........................................................................................2
What is changing? ..........................................................................................2
What is not changing?...................................................................................3
When? ...............................................................................................................3
What do I need to do? ...................................................................................3
Where can I get help? ....................................................................................3
Things you might want to know ..................................................................3
What are my options to direct future contributions? ...................................4
What are my options for my account balances? ............................................5
How do these changes affect my account? .....................................................6
New investment lineup at Fidelity..................................................................... 8
Tier 1: Target Date Funds for a ready made portfolio ........................... 8
Tier 2: Core Funds to build your own portfolio ....................................... 8
Tier 3: Self-directed brokerage account (BrokerageLink®) ................ 10
Optional one-time transfer in-kind to a self-directed brokerage account ................................................................11
Retirement plan fees .............................................................................................11
How balances will transfer in January 2019: Investment option mapping strategy .............................................................. 12
Mapping details for current Fidelity Investment Options ................... 13
Mapping details for current TIAA Investment Options ....................... 19
Mapping details for current VALIC Investment Options .................... 20
Mapping details for current Vanguard Investment Options .............. 22
Contents
If you have an account balance in the Duke Faculty and Staff Retirement Plan, the upcoming changes may affect you even if you are now retired or no longer employed by Duke.
You have the following options for your vested account balance in the Duke Faculty and Staff Retirement Plan:
leave your retirement savings in the Duke Faculty and Staff Retirement Plan to take advantage of the new investment lineup;
roll any or all of your vested balances into an Individual Retirement Account (IRA) or another employer’s retirement plan (if allowed by new employer);
withdraw vested balances using various distribution options such as lump sum, installments or an annuity.
IRS penalties may apply on distributions if you are younger than 59 ½. Distributions are taxed as ordinary income.
A note for retirees, former employees and beneficiaries with an account balance in the plan
2 Retirement Redesign Decision Guide
Redesigning the Duke Faculty and Staff Retirement PlanThis guide will provide you information about the upcoming changes to the Duke Faculty and Staff Retirement Plan. Use this guide to help you understand:
your options
resources available to help you
key action dates
Plan changes overview What is changing?Fidelity will become the primary recordkeeper for retirement services, including investment options, enrollment, distributions, and changes to your contribution amount effective January 2019.
May 21, 2018
You will have the opportunity to choose investments from the new investment lineup at Fidelity. The current investment options at Fidelity and through the other providers will continue to be available until January 2019. Unless you elect otherwise, your contributions will continue to be directed to your selected provider(s) and investment option(s) until January 2019.
Effective January 2019
Fidelity will become the primary retirement service provider for retirement recordkeeping services, including investments, enrollment, distributions, and changes to your contribution amount.
All balances at Vanguard will transfer to the new investment lineup at Fidelity and future contributions will be redirected to Fidelity. Vanguard will be eliminated as a retirement service provider for the Duke Retirement Plan.
A new TIAA Traditional Fixed Annuity contract will be added in January 2019. TIAA annuity accounts will be frozen to all new contributions. TIAA will continue to administer balances in frozen annuity accounts and the TIAA Traditional Fixed Annuity fund. All mutual fund balances at TIAA will transfer to the new investment lineup at Fidelity. Your future contributions will be redirected to Fidelity.
VALIC annuity accounts will be frozen to all new contributions. VALIC will continue to administer frozen annuity accounts. Mutual funds balances at VALIC will transfer to the new investment lineup at Fidelity. Your future contributions will be redirected to Fidelity.
A new loan program with Fidelity will be introduced in 2019.
Fidelity will separate the cost of operating the plan from investment expenses. Plan operating expenses will appear as a separate administrative fee on your account statements.
What is not changing? Employees’ Retirement Plan (ERP) is not changing.
The Duke contribution formula to the Faculty and Staff Retirement plan is not changing.
Roth 403(b) feature is not changing.
The maximum amount you can contribute to the plan is not changing. This is set by the Internal Revenue Service annually.
Duke’s 457(b) plan is not changing.
Fidelity is here to help you Speak with a Fidelity representative over the
phone at 800-823-0172 to get help and advice on investing.
Local on-site help when you need it – flexible appointment times fidelity.com/reserve or call 800-823-0172.
Access your account anytime at fidelity.com/duke
Note: It is important to note that Fidelity will be the primary recordkeeper. This does not mean that you will only have access to Fidelity funds. Other options are available in the new investment lineup, including Vanguard, T. Rowe Price and others.
Retirement Redesign Decision Guide 3
When? Starting May 21, 2018, you will be able to select
investments in the new investment lineup at Fidelity.
Mutual fund account balances will map to Fidelity based on a mapping strategy in January 2019. Note: Annuity accounts at TIAA and VALIC will not transfer to Fidelity unless you initiate a transfer.
Future contributions will be directed to your chosen investments in the new investment lineup at Fidelity beginning in January 2019. If you do not make an investment election in the new investment lineup at Fidelity, your contributions will be directed to the appropriate age-based Vanguard Target Retirement Date Fund.
What do I need to do? Review investment options in the new investment
lineup at Fidelity and direct where future contributions will be invested prior to January 2019.
Review the Investment Option Mapping Strategy for account balances and move your balances prior to December 2018 if you do not want your balances mapped according to the mapping strategy described in this guide.
Meet with a Fidelity representative to get help. Call Fidelity at 1-800-823-0172 to schedule an appointment or to get help and advice on investing.
Update your beneficiaries. If you have an account that is administered by Vanguard, TIAA or VALIC, the beneficiary data will not transfer to Fidelity. You will need to update your beneficiary information with Fidelity.
Where can I get help? Get more information online at hr.duke.edu/
retirementredesign.
Call Fidelity at 1-800-823-0172 to speak to a Fidelity representative to get help and advice on investing over the phone.
Set up a one-on-one appointment with a Fidelity representative at fidelity.com/reserve or call 1-800-823-0172.
Things you might want to know Financial Fitness Week is May 21 – May 24.
There will be information sessions about the plan redesign, selecting investments and the self-directed brokerage account. Visit hr.duke.edu/ffw for additional information.
Annuity accounts at TIAA and VALIC will not move to Fidelity automatically but you can transfer these at any time, subject to any restrictions described in the annuity contract.
A new loan program with Fidelity will be introduced in 2019. If you have a current loan with TIAA or VALIC you should continue to repay the loan as normal. Additional information about the new loan program will be provided later in the year.
To ensure that all information is transferred accurately for your Duke Retirement Plan, there will be a period of time in January 2019 when you will be unable to direct or change investments in your individual account, obtain a loan or obtain a new distribution, if eligible, from the Plan. This time during which you will be unable to do transactions in the Plan is called a “blackout period”. A typical blackout period is 7-14 business days. Additional information will be provided closer to the date of transition of assets to Fidelity.
Key actions
Make decision about your investments
Meet with a Fidelity representative
Update Beneficiaries
4 Retirement Redesign Decision Guide
Starting May 21, you will have the opportunity to choose investments from the new investment lineup at Fidelity. All future contributions will be directed to Fidelity in January 2019.
You can choose the option that best suits your needs for your future contributions.
Option 1: If you are a Fidelity participant, select investments for future contributions from the new investment lineup
If you already have a Fidelity account and are directing contributions to Fidelity, your elections in the new investment lineup will be effective immediately following your investment election.
In January 2019, all contributions will be directed to the appropriate age-based target date fund if you have not made investment elections in the new investment lineup or you have elections at Fidelity that are not in the new investment lineup.
Option 2: Direct contributions to Fidelity and invest in the new investment lineup before January
You can redirect your contributions to Fidelity before January by making a vendor election change online. For information regarding how to make a vendor election change to your contributions, please visit hr.duke.edu/retirementmanager.
Contributions and elections to the new investment lineup at Fidelity will be effective with the first contribution made to your account following your vendor change and investment election.
Option 3: Take no action
In January 2019, all contributions will be directed to the appropriate age-based target date fund provided you have not made investment elections in the new investment lineup or you have elections at Fidelity that are not in the new investment lineup.
After your future contributions are redirected in January 2019, you will have the ability to change your investment options through Fidelity at any time.
To make your investment elections call Fidelity at 800-823-0172 or go to fidelity.com/duke.
What are my options to direct future contributions?
Retirement Redesign Decision Guide 5
All mutual fund account balances will be transferred to the new investment lineup in January 2019. Your eligible balance will transfer according to the predetermined investment option mapping strategy described in this guide. Prior to when the mapping occurs, you can make changes to your current balances with your current provider.
Mutual fund account balances in the closing investment options held at Fidelity, TIAA, VALIC and Vanguard will be affected. Annuities held at TIAA and VALIC will remain at TIAA or VALIC unless you initiate an individual transfer of assets.
In addition, closing investment options at Fidelity and Vanguard may be eligible for an optional one-time transfer in-kind to a self-directed brokerage account. A transfer in-kind means your holdings will not be bought or sold; your holdings will simply transfer to your self-directed brokerage account. Contact Fidelity to discuss this option at 800-823-0172.
You can choose the option that best suits your needs for your account balances.
Option 1: Move your current account balance to Fidelity and invest in the new investment lineup before January
Contact Fidelity at 800-823-0172 for instructions and the necessary paperwork for a plan-to-plan transfer.
If you already have a Fidelity account, you may move your current investments to the new investment lineup.
Contributions will continue to be directed to your current provider(s) until January 2019, unless you direct otherwise.
Option 2: Make changes to your current account balance before January
Review how your balances will map to the new investment lineup and make any changes with your current provider. Keep in mind, mutual fund balances held in any closing investment option will be mapped to the new investment lineup at Fidelity.
Option 3: Take advantage of the optional one-time transfer in-kind to a self-directed brokerage account before January
Opening a self-directed brokerage account between May 21 and December 2018 will serve as your request to participate in the optional one-time transfer in-kind of all your eligible Fidelity and Vanguard mutual fund account balances to the self-directed brokerage account at Fidelity.
Investments in the self-directed brokerage account are not monitored by Duke’s Investment Advisory Committee or any fiduciary of the plan. You are solely responsible for assessing whether these investments are suitable for your retirement savings needs.
Be sure to refer to the additional considerations about transfer “in-kind” to the self-directed brokerage account on page 11.
Contact Fidelity to discuss this option at 800-823-0172.
Option 4: Take no action
Your eligible account balances will be transferred to the new investment lineup at Fidelity per the investment option mapping strategy described in this guide in January 2019.
After your balances are transferred in January 2019, you will have the ability to change your investment options through Fidelity at any time.
Note: If you have an account balance in the annuity accounts at TIAA or VALIC, these will remain at TIAA and VALIC. These are in individually owned contracts and only you can transfer the assets to Fidelity. Additional contributions will not be allowed to the frozen annuity platform effective January 2019.
What are my options for my account balances?
6 Retirement Redesign Decision Guide
Current accounts at Fidelity
In January 2019, all account balances in the closing investment options at Fidelity will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.
If you would like to keep investments that are not included in the new investment lineup, these mutual funds may be eligible to be transferred in-kind to the same fund(s) within a self-directed brokerage account. If you want to choose this option, you must set up a self-directed brokerage account by December 2018 to participate in the optional one-time transfer in-kind of existing investment options. See additional details regarding the optional one-time transfer in-kind on page 11.
If you do not want your account balances to transfer according to the investment option mapping strategy, contact Fidelity to initiate a transfer to the investments of your choice in the new investment lineup by December 2018. If you do not want your new contributions to be invested according to the mapping strategy, contact Fidelity to change your investment selections and transfer your existing balances by December 2018. Keep in mind, all closing investment options will transfer to the new investment lineup at Fidelity.
Current accounts at TIAA In January 2019, all mutual fund balances in the closing investment options at TIAA will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.
If you do not want your TIAA mutual fund balances to transfer according to the investment option mapping strategy, you can request a change to your balance at TIAA by December 2018 or transfer balances to Fidelity. Keep in mind, all closing mutual fund options will transfer to the new investment lineup at Fidelity.
TIAA annuity account balances that will not transfer unless you initiate a transfer request are:
Contact TIAA to discuss any questions you have about the annuity products. Remember that some annuity products may have penalties or restrictions on transfer.
Note: Annuity and mutual fund options held at TIAA are not eligible for a transfer-in-kind to the self-directed brokerage account.
Contributions starting in January
If you do not select investment options from the new investment lineup, your contributions (both payroll deductions and Duke’s contributions) will be directed to Fidelity and invested in the appropriate age-based Vanguard Target Retirement Date Fund in January 2019.
CREF Stock TIAA Real Estate CREF Money Market CREF Social Choice CREF Bond Market CREF Global Equities CREF Growth
CREF Equity Index CREF Inflation-Linked
Bond TIAA Traditional
(Retirement Annuity and Group Supplemental Retirement Annuity)
How do these changes affect my account?
Retirement Redesign Decision Guide 7
Current accounts at VALIC In January 2019, all mutual fund balances in the closing investment options at VALIC will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.
If you do not want your mutual fund balances to transfer according to the investment option mapping strategy, you can request a change to your balance at VALIC by December 2018 or transfer balances to Fidelity. Keep in mind, all closing mutual fund options will transfer to the new investment lineup at Fidelity.
VALIC annuity account balances that will not transfer unless you initiate a transfer request are:
Aggressive Growth Lifestyle
Am Beac Holland Lg Cap Growth
Ariel Appreciation Fund
Ariel Fund
Asset Allocation Fund
Blue Chip Growth Fund
Broad Cap Value Inc
Capital Appreciation Fund
Capital Conservation
Conservative Growth Lifestyle
Core Bond Fund
Core Equity Fund
Dividend Value
Emerging Economies
Fixed Account Plus
Foreign Value
Global Social Awareness Fund
Global Strategy
Government Money Market I
Government Money Market II
Government Securities Fund
Growth & Income Fund
Growth Fund
Health Sciences Fund
High Yield Bond Fund
International Government Bond
International Growth Fund
International Equities Index Fund
Intl Opportunities
Large Cap Value Fund
Large Capital Growth
Mid Cap Growth Fund
Mid Cap Index Fund
Mid Cap Strategic Growth
Mid Cap Value Fund
Moderate Growth Lifestyle
Multi-Year Enhanced Fixed 3Yr
Nasdaq-100(R) Index Fund
Science & Technology Fund
Short Term Fixed Account
Small Cap Aggressive Growth
Small Cap Fund
Small Cap Growth Fund
Small Cap Index Fund
Small Cap Special Value Fund
Small Cap Value Fund
Small Mid Growth Fund
Socially Responsible Fund
Stock Index Fund
Strategic Bond Fund
Value Fund
Vanguard Lifestrategy Conservative
Vanguard Lifestrategy Growth
Vanguard Lifestrategy Moderate
Vanguard Long-Term Treasury
Vanguard Lt Inv-Grade Fund
Vanguard Wellington Fund Inc
Contact VALIC to discuss any questions you have about their annuity products. Remember that some annuity products may have penalties or restrictions on transfer.
Note: Annuity and mutual fund options held at VALIC are not eligible to transfer-in-kind to the self-directed brokerage account.
Current accounts at Vanguard In January 2019, all account balances in the closing investment options at Vanguard will be transferred to the new investment lineup, according to the investment option mapping strategy described in this guide.
If you would like to keep investments that are not in the new investment lineup, these mutual funds may be eligible to be transferred in-kind to the same fund(s) within a self-directed brokerage account. If you want to choose this option, you must set up a self-directed brokerage account at Fidelity by December 2018 to participate in the one-time transfer in-kind of existing investment options. See additional details regarding the optional one-time transfer in-kind option on page 11.
If you do not want your account balances to transfer according to the investment option mapping strategy, you can request a change to your balance at Vanguard by December 2018 or transfer balances to Fidelity. Keep in mind, all closing investment options will transfer to the new investment lineup at Fidelity.
8 Retirement Redesign Decision Guide
Duke’s Investment Advisory Committee (IAC) selected the new investment lineup. The role of the Investment Advisory Committee is to ensure that you have access to quality investment options at the lowest reasonable cost. The IAC is comprised of key Duke University and Duke University Health System administrators and faculty who work closely with expert consultants who specialize in investment management. The IAC has chosen a group of funds they will continue to regularly monitor to ensure that they remain appropriate investment options for Duke’s plan.
To make the new investment lineup easier to navigate, investments continue to be grouped into three tiers. Funds in Tier 1 and Tier 2 have been specifically selected by the IAC for the Faculty and Staff Retirement Plan based on their suitability for use in a diversified retirement savings portfolio and their competitive expense level. These funds are benchmarked annually to ensure that their performance and cost remain competitive. Funds in Tier 1 and 2 are monitored regularly by the IAC. Tier 3 offers a self-directed brokerage account for investors who wish to use funds that are outside of the monitored options. Investments you select through the Tier 3 brokerage account are not monitored by the IAC.
Tier 1: Target Date Funds for a ready made portfolio The Vanguard Retirement Target Date fund series is currently offered across all retirement service providers. The Vanguard Retirement Target Date fund series will continue to be the plan’s Tier 1 funds at Fidelity. These funds are designed for investors expecting to retire around the year indicated in each fund’s name. A Target Date Fund is invested in a portfolio of mutual funds that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed. These funds are chosen and monitored by the IAC.
Tier 2: Core Funds to build your own portfolio Duke’s IAC, with the assistance of an investment advisory firm, carefully selected the core investment options, which include some existing funds as well as new funds, that reflect all major asset classes and includes short-term investments, bonds, and stocks. Each fund offered is priced at the lowest share class available for the particular fund. The new investment lineup allows you to customize and build a portfolio your way. These funds are chosen and monitored by the IAC.
New investment lineup at Fidelity
Retirement Redesign Decision Guide 9
Duke’s New Investment Lineup – Tier 1 and Tier 2
Asset Class Fund Name Ticker
TIAA Traditional Annuity will continue to be available for future contributions in January 2019 on TIAA’s platform.
Tier 1
Target date fund Vanguard Target Retirement Income VITRX
Vanguard Target Retirement 2015 Fund VITVX
Vanguard Target Retirement 2020 Fund VITWX
Vanguard Target Retirement 2025 Fund VRIVX
Vanguard Target Retirement 2030 Fund VTTWX
Vanguard Target Retirement 2035 Fund VITFX
Vanguard Target Retirement 2040 Fund VIRSX
Vanguard Target Retirement 2045 Fund VITLX
Vanguard Target Retirement 2050 Fund VTRLX
Vanguard Target Retirement 2055 Fund VIVLX
Vanguard Target Retirement 2060 Fund VILVX
Vanguard Target Retirement 2065 Fund VSXFX
Tier 2
Money Market Vanguard Federal Money Market Investor VMFXX
Fixed Interest Account VALIC Fixed Interest Option N/A
Intermediate-Term Bond Vanguard Total Bond Market Index I VBTIX
Metropolitan West Total Return Bd Plan MWTSX
Multisector Bond PIMCO Income Instl PIMIX
Large Value MFS® Value R6 MEIKX
Vanguard Equity-Income Adm VEIRX
Large Blend Vanguard Institutional Index Instl Pl VIIIX
Vanguard FTSE Social Index Instl VFTNX
Large Growth Vanguard PRIMECAP Adm VPMAX
Fidelity® Contrafund® K6 FLCNX
T. Rowe Price Growth Stock I PRUFX
Mid-Cap Value American Century Mid Cap Value R6 AMDVX
MFS® Mid Cap Value R6 MVCKX
Mid-Cap Blend Vanguard Extended Market Index Instl Plus VEMPX
Fidelity® Low-Priced Stock K6 FLKSX
Mid-Cap Growth MassMutual Select Mid Cap Growth I MEFZX
Foreign Large Blend Vanguard Total Intl Stock Index I VTSNX
American Funds Europacific Growth R6 RERGX
Foreign Large Growth Vanguard International Growth Adm VWILX
Foreign Small/Mid Blend Fidelity® International Small Cap FISMX
Small Value Goldman Sachs Small Cap Value R6 GSSUX
Fidelity® Small Cap Value FCPVX
Small Growth Janus Henderson Triton N JGMNX
Fidelity® Small Cap Growth K6 FOCSX
Diversified Emerging Mkts Vanguard Emerging Mkts Stock Idx Instl VEMIX
Real Estate Vanguard REIT Index Institutional VGSNX
10 Retirement Redesign Decision Guide
Tier 3: Self-directed brokerage account (BrokerageLink®) Fidelity BrokerageLink® is a self-directed brokerage account that gives participants access to thousands of mutual funds from many different mutual fund companies.
A self-directed brokerage account is essentially a do-it-yourself option that is designed for investors who desire more choice of investments. When you direct contributions to a self-directed brokerage account, your investments are allocated to mutual funds apart from those available in the plan. This option offers participants a broad range of mutual fund options, but may require more time to assess, monitor, and manage your chosen funds. If you do not feel comfortable actively managing a portfolio of investments, then a self-directed brokerage account may not be appropriate for you.
The investments available through BrokerageLink® are not monitored by the Duke Investment Advisory Committee. It is your responsibility to ensure the investments you select are suitable for your situation, including your goals, time horizon, and risk tolerance.
Self-directed brokerage investments may consist only of mutual funds due to regulations that limit investment choices in 403(b) plans to fixed/variable annuities and mutual funds.
Additional fees may apply for a brokerage account, including transaction fees and brokerage commissions for some transactions. For complete information regarding brokerage fees, please refer to the Fidelity BrokerageLink® fact sheet and commission schedule. Copies of these materials are available at hr.duke.edu/retirementredesign or by calling 800-823-0172.
In order to open a self-directed brokerage account, you will need to complete a BrokerageLink® application either online at fidelity.com/duke or by paper form. If submitting a paper application, refer to the fact sheet for information to help you with the Account Setup section of the Fidelity BrokerageLink® Participant Acknowledgment Form.
Note: Opening a self-directed brokerage account between May 21 and December 2018 will serve as your request to participate in the optional one-time transfer in-kind of all your eligible Fidelity and Vanguard mutual fund account balances to your self-directed brokerage account. See additional details regarding the optional one-time transfer in-kind option on page 11.
Retirement Redesign Decision Guide 11
You have the option to transfer in-kind all of your eligible Fidelity or Vanguard balances that are not in the new investment lineup into the same fund(s) in a self-directed brokerage account. An in-kind balance transfer means your holdings will not be bought or sold; your holdings will simply transfer to your self-directed brokerage account. This is a one-time transfer in-kind available to Fidelity and Vanguard eligible mutual funds only and will apply to all Plan balances at Fidelity and Vanguard. Mutual funds with institutional share classes are not offered in the self-directed brokerage account and are not eligible for a transfer in-kind. However, as part of the transfer, the institutional share class may be liquidated and reinvested in the retail share class within the self-directed brokerage account.
To take advantage of the one-time transfer in-kind to a self-directed brokerage account, you must open a Fidelity BrokerageLink® account no later than December 2018. Doing so will serve as your request to transfer in-kind all of your eligible balances in mutual funds at Fidelity and Vanguard into your self-directed brokerage account at Fidelity. For assistance establishing a self-directed brokerage account, please contact Fidelity at 800-823-0172 or visit fidelity.com/duke.
TIAA and VALIC do not permit in-kind transfers into the self-directed brokerage account at Fidelity. To transfer balances from TIAA or VALIC to the Fidelity self-directed brokerage account, please contact the Fidelity team at 800-823-0172 to arrange the transfer. Contact Fidelity at 800-823-0172 for instructions and the necessary paperwork for a plan-to-plan transfer.
Optional one-time transfer in-kind to a self-directed brokerage account
Retirement plan feesDuke’s Investment Advisory Committee oversees the fees and plan expenses and strives to ensure that faculty and staff pay competitive fees for the investments and services provided.
The cost to operate a retirement plan has been historically paid for by the revenue generated by the investments in the plan and has been layered into the expense ratio of the funds. As part of this plan redesign, the fees for plan expenses will no longer be layered into the expense ratios of the funds so that funds may be offered at the lowest reasonable cost. Instead all participants in the plan will have an administration fee deducted from their plan account each quarter to cover the cost of operating the plan. This will make it easier for you to determine how much you are paying in administrative fees. Depending on your balance and investments, this fee could be lower or higher than what you currently pay. If your plan balance is below $5,000, a $6.25 fee per quarter ($25 annually)
will apply. If your plan balance is over $5,000, a fee of approximately $13.50 fee per quarter ($54 annually) will apply. This charge helps pay expenses for the call center, educational communications, group and individual meetings, the plan’s website, and more. The fee will be deducted pro rata from all investments in your account.
This will not only make the cost of investing easier to understand but it also allows the plan to offer lower-cost investment options that can reduce the overall cost of the plan for participants. Investing in funds with lower expense ratios means that more of what your money earns stays in your account, where it could increase over the years through compounding.
Note: This change in fees does not apply to the frozen accounts at TIAA or VALIC. Please review the hr.duke.edu/feedisclosure for current fees on these products.
12 Retirement Redesign Decision Guide
1. Mapping to the Same Fund – If the same fund that is currently offered at Fidelity, TIAA, VALIC or Vanguard is available in the new investment lineup at Fidelity then account balances will be transferred in-kind to the same fund on the Fidelity platform. Opening a self-directed brokerage account is not necessary for this mapping scenario.
2. Mapping to a Similar Fund - If the same fund is not available but a similar or comparable fund is available, the fund will be mapped to the comparable fund in the new investment lineup at Fidelity.
3. Mapping to a Default Fund – If the same or similar fund is not available, then the fund balance will be mapped to the appropriate age-based Vanguard Target Retirement Date Fund at Fidelity (based on the year the employee turns age 65).
Note:
Funds that are not available in the new investment lineup may be available in the self-directed brokerage account. To arrange a transfer to the self-directed brokerage account please contact Fidelity at 800-823-0172.
To ensure that all information is transferred accurately for your 403(b) Plan, there will be a period of time in January 2019 when you will be unable to direct or change investments in your individual account, obtain a loan or obtain a new distribution, if eligible, from the Plan. This time during which you will be unable to exercise your rights in the Plan is called a “blackout period”. A typical blackout period is 7-14 business days. Additional information will be provided close to the transition of assets to Fidelity.
For example, if Mary has 100% of her balance in the Vanguard Target Retirement 2040 Fund at Vanguard, then this exact same fund will transfer in-kind to the Vanguard Target Retirement 2040 Fund at Fidelity.
The only change is the record-keeper. Mary will not be “out of the market” during this transfer and nothing will change with her account other than she will receive account statements from Fidelity now and not receive statements from Vanguard. She could log onto Fidelity’s website fidelity.com/duke to view her account at any time after the transfer is complete.
For example, if Bill has the Dreyfus Bond Market Index (DBIRX) fund at VALIC, then his account balance that is invested in this fund would be mapped to the comparable fund, the Vanguard Total Bond Market Index (VBTIX) at Fidelity.
Bill would see the total balance of his Dreyfus Bond Market Index liquidated on the transfer date, then that balance used to purchase new shares of the Vanguard Total Bond Market Index Fund at Fidelity. Bill would be “out of the market” one business day as the funds are transferred from VALIC to Fidelity. Bill could log onto Fidelity’s website fidelity.com/duke to view his account at any time after the transfer is complete.
For example, Sara has the Vanguard Health Care Adm (VGHAX) at Vanguard. This fund does not have a similar or comparable fund in the new investment lineup. Sara’s balance in the Vanguard Health Care Adm fund would be mapped to the appropriate age based Vanguard Target Date Fund at Fidelity.
Sara would see the total balance of her Vanguard Health Care Adm fund liquidated on the transfer date, then that balance used to purchase new shares of the appropriate Vanguard Target Date Fund at Fidelity. Sara would be “out of the market” one business day as the funds are transferred from Vanguard to Fidelity. Sara could log onto Fidelity’s website fidelity.com/duke to view her account at any time after the transfer is complete.
How balances will transfer in January 2019: Investment option mapping strategyIf you take no action to transfer balances by December 2018 then your balances will be transferred to funds in the new investment lineup according to the investment option mapping strategy. There are three scenarios that will occur during Duke’s mapping to the new investment lineup on the Fidelity platform:
Contributions starting in JanuaryIf you do not select investment options from the new investment lineup, your contributions (both payroll deductions and Duke’s contributions) will be directed to Fidelity and invested in the appropriate age-based Vanguard Target Retirement Date Fund in January 2019.
Retirement Redesign Decision Guide 13
Ticker Ticker
Mapping details for current Fidelity investment optionsNo changes to current investment options at Fidelity
Balances and investment elections in these options will remain the same.
Fund Name
American Century Mid Cap Value R6** AMDVX
American Funds Europacific Growth R6** RERGX
Fidelity® Contrafund® K6 FLCNX
Fidelity® International Small Cap FISMX
Fidelity® Low-Priced Stock K6 FLKSX
Fidelity® Small Cap Growth K6 FOCSX
Fidelity® Small Cap Value FCPVX
Goldman Sachs Small Cap Value R6 GSSUX
Janus Henderson Triton N JGMNX
MassMutual Select Mid Cap Growth I** MEFZX
Metropolitan West Total Return Bd Plan MWTSX
MFS® Mid Cap Value R6** MVCKX
MFS® Value R6 MEIKX
PIMCO Income Instl * PIMIX
T. Rowe Price Growth Stock I** PRUFX
VALIC Fixed Interest Option** N/A
Vanguard Emerging Mkts Stock Idx Instl** VEMIX
Vanguard Equity-Income Fund Admiral Shares** VEIRX
Vanguard Extended Market Index InstlPlus** VEMPX
Vanguard Federal Money Market Investor VMFXX
Vanguard FTSE Social Index I** VFTNX
Vanguard Institutional Index Instl Pl** VIIIX
Vanguard Institutional Target Retirement VITVX 2015 Institutional
Vanguard Institutional Target Retirement VITWX 2020 Institutional
Vanguard Institutional Target Retirement VRIVX 2025 Institutional
Vanguard Institutional Target Retirement VTTWX 2030 Institutional
Vanguard Institutional Target Retirement VITFX 2035 Institutional
Vanguard Institutional Target Retirement VIRSX 2040 Institutional
Vanguard Institutional Target Retirement VITLX 2045 Institutional
Vanguard Institutional Target Retirement VTRLX 2050 Institutional
Vanguard Institutional Target Retirement VIVLX 2055 Institutional
Vanguard Institutional Target Retirement VILVX 2060 Institutional
Vanguard Institutional Target Retirement VSXFX 2065 Institutional
Vanguard Institutional Target Retirement Inc VITRX Institutional
Vanguard International Growth Adm** VWILX
Vanguard PRIMECAP Fund Admiral Shares** VPMAX
Vanguard REIT Index Institutional ** VGSNX
Vanguard Total Bond Market Index I ** VBTIX
Vanguard Total Intl Stock Index I ** VTSNX
Fund Name
* Not available until April 19, 2018 or thereafter.
** Not available until May 21, 2018 or thereafter.
14 Retirement Redesign Decision Guide
Deutsche Core Equity R6 SUWZX Vanguard Institutional Index Instl Pl VIIIX
Deutsche CROCI® Equity Dividend R6 KDHTX MFS® Value R6 MEIKX
Deutsche CROCI® International R6 SUIRX American Funds Europacific Growth R6 RERGX
Deutsche Emerging Markets Equity Instl SEKIX Vanguard Emerging Mkts Stock Idx Instl VEMIX
Deutsche Emerging Markets Fixed Inc Inst SZEIX PIMCO Income Instl PIMIX
Deutsche Global Income Builder R6 KTRZX Vanguard Institutional Target Retirement various Date Fund, based on age
Deutsche Global Small Cap R6 KGDZX Vanguard Institutional Target Retirement various Date Fund, based on age
Deutsche GNMA Institutional GIGGX Metropolitan West Total Return Bd Plan MWTSX
Deutsche High Conviction Global Bd S SSTGX PIMCO Income Instl PIMIX
Deutsche International Growth Inst SGQIX Vanguard Institutional Target Retirement various Date Fund, based on age
Deutsche Large Cap Focus Growth Instl SGGIX Fidelity® Contrafund® K6 FLCNX
Deutsche Latin America Equity S SLAFX Vanguard Institutional Target Retirement various Date Fund, based on age
Deutsche Mid Cap Value Institutional MIDIX MFS® Mid Cap Value R6 MVCKX
Deutsche S&P 500 Index R6 SXPRX Vanguard Institutional Index Instl Pl VIIIX
Deutsche Total Return Bond Institutional SZIIX Metropolitan West Total Return Bd Plan MWTSX
Fidelity Advisor® Stock Sel All Cp K FSSKX Fidelity® Contrafund® K6 FLCNX
Fidelity Advisor® Value Strategies K FVSKX MFS® Value R6 MEIKX
Fidelity Asset Manager® 20% FASIX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity Asset Manager® 30% FTANX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity Asset Manager® 40% FFANX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity Asset Manager® 50% FASMX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity Asset Manager® 60% FSANX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity Asset Manager® 70% FASGX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity Asset Manager® 85% FAMRX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® 500 Index Institutional FXSIX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Balanced K FBAKX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Blue Chip Growth K6 FBCGX Fidelity® Contrafund® K6 FLCNX
Fidelity® Blue Chip Value FBCVX MFS® Value R6 MEIKX
Fidelity® Canada FICDX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Capital & Income FAGIX PIMCO Income Instl PIMIX
Fidelity® Capital Appreciation K FCAKX Fidelity® Contrafund® K6 FLCNX
Fidelity® China Region FHKCX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Conservative Income Bond Instl FCNVX Vanguard Federal Money Market VMFXX
Fidelity balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity
Ticker Closing Investment Option Ticker New Investment Option
Retirement Redesign Decision Guide 15
Fidelity® Convertible Securities FCVSX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Corporate Bond FCBFX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Disciplined Equity K FDEKX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Diversified Intl K6 FKIDX Vanguard International Growth Adm VWILX
Fidelity® Dividend Growth K FDGKX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® EMEA FEMEX Vanguard Emerging Mkts Stock Idx Instl VEMIX
Fidelity® Emerging Asia FSEAX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Emerging Markets K FKEMX Vanguard Emerging Mkts Stock Idx Instl VEMIX
Fidelity® Equity Dividend Income K FETKX MFS® Value R6 MEIKX
Fidelity® Equity-Income K FEIKX MFS® Value R6 MEIKX
Fidelity® Europe FIEUX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Export and Multinational K FEXKX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Extended Market Index Premium FSEVX Vanguard Extended Market Index InstlPlus VEMPX
Fidelity® Floating Rate High Income FFRHX PIMCO Income Instl PIMIX
Fidelity® Focused High Income FHIFX PIMCO Income Instl PIMIX
Fidelity® Focused Stock FTQGX Fidelity® Contrafund® K6 FLCNX
Fidelity® Four-in-One Index FFNOX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Global Balanced FGBLX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Global Commodity Stock FFGCX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Global Credit FGBFX PIMCO Income Instl PIMIX
Fidelity® Global Equity Income FGILX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Global High Income FGHNX PIMCO Income Instl PIMIX
Fidelity® Global Strategies FDYSX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® GNMA FGMNX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Government Income FGOVX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Growth & Income K FGIKX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Growth Company K FGCKX Fidelity® Contrafund® K6 FLCNX
Fidelity® Growth Discovery K FGDKX Fidelity® Contrafund® K6 FLCNX
Fidelity® Growth Strategies K6 FSKGX MassMutual Select Mid Cap Growth I MEFZX
Fidelity® High Income SPHIX PIMCO Income Instl PIMIX
Fidelity® Independence K FDFKX Fidelity® Contrafund® K6 FLCNX
Fidelity® Inflation-Prot Bd Idx Prem FSIYX Vanguard Total Bond Market Index I VBTIX
Fidelity® Inflation-Protected Bond FINPX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Intermediate Bond FTHRX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Intermediate Government Income FSTGX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Intermediate Trs Bd Idx Prem FIBAX Vanguard Total Bond Market Index I VBTIX
Fidelity® International Discovery K FIDKX Vanguard International Growth Adm VWILX
Fidelity® International Enhanced Index FIENX American Funds Europacific Growth R6 RERGX
Fidelity® International Growth FIGFX Vanguard International Growth Adm VWILX
Fidelity® International Index Instl FSPNX Vanguard Total Intl Stock Index I VTSNX
Fidelity® International Small Cap Opp FSCOX Fidelity® International Small Cap FISMX
Ticker Closing Investment Option Ticker New Investment Option
16 Retirement Redesign Decision Guide
Fidelity® International Value FIVLX American Funds Europacific Growth R6 RERGX
Fidelity® Intl Cptl Apprec K6 FAPCX Vanguard International Growth Adm VWILX
Fidelity® Intl Real Estate FIREX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Investment Grade Bond FBNDX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Japan FJPNX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Japan Smaller Companies FJSCX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® K FFDKX Fidelity® Contrafund® K6 FLCNX
Fidelity® Large Cap Core Enhanced Index FLCEX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Large Cap Growth Enhanced Idx FLGEX Fidelity® Contrafund® K6 FLCNX
Fidelity® Large Cap Stock K6 FCLKX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Large Cap Value Enhanced Index FLVEX MFS® Value R6 MEIKX
Fidelity® Latin America FLATX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Leveraged Company Stock K FLCKX MassMutual Select Mid Cap Growth I MEFZX
Fidelity® Limited Term Government FFXSX VALIC Fixed Interest Option —
Fidelity® Long-Term Treasury Bd Idx Prem FLBAX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Magellan® K FMGKX Fidelity® Contrafund® K6 FLCNX
Fidelity® Mega Cap Stock FGRTX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Mid Cap Enhanced Index FMEIX Vanguard Extended Market Index InstlPlus VEMPX
Fidelity® Mid Cap Value FSMVX MFS® Mid Cap Value R6 MVCKX
Fidelity® Mid Cap Value K6 FCMVX MassMutual Select Mid Cap Growth I MEFZX
Fidelity® Mortgage Securities FMSFX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® NASDAQ Composite Index® FNCMX Fidelity® Contrafund® K6 FLCNX
Fidelity® New Markets Income FNMIX PIMCO Income Instl PIMIX
Fidelity® New Millennium FMILX Fidelity® Contrafund® K6 FLCNX
Fidelity® Nordic FNORX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® OTC K FOCKX Fidelity® Contrafund® K6 FLCNX
Fidelity® Overseas K FOSKX Vanguard International Growth Adm VWILX
Fidelity® Pacific Basin FPBFX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Puritan® K FPUKX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Real Estate Income FRIFX Vanguard REIT Index Institutional VGSNX
Fidelity® Real Estate Investment Port FRESX Vanguard REIT Index Institutional VGSNX
Fidelity® Select Air Transportation Port FSAIX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Automotive Port FSAVX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Banking FSRBX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Biotechnology FBIOX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Brokerage & Invmt Mgmt FSLBX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Chemicals FSCHX Vanguard Institutional Target Retirement various Date Fund, based on age
Ticker Closing Investment Option Ticker New Investment Option
Retirement Redesign Decision Guide 17
Fidelity® Select Comms Equip Port FSDCX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Computers FDCPX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Construction & Hsg Port FSHOX MassMutual Select Mid Cap Growth I MEFZX
Fidelity® Select Consumer Discret Port FSCPX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Consumer Finance Port FSVLX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Consumer Staples Port FDFAX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Defense & Aero Port FSDAX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Energy FSENX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Energy Service Port FSESX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Envir and Alt Engy Port FSLEX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Financial Services Port FIDSX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Gold FSAGX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Health Care FSPHX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Health Care Svcs Port FSHCX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Industrials FCYIX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Insurance Port FSPCX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select IT Services FBSOX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Leisure FDLSX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Materials FSDPX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Medical Tech and Devcs FSMEX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Multimedia FBMPX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Natural Gas FSNGX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Natural Resources Port FNARX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Pharmaceuticals Port FPHAX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Retailing FSRPX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Semiconductors FSELX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Software & IT Svcs Port FSCSX Vanguard Institutional Target Retirement various Date Fund, based on age
Ticker Closing Investment Option Ticker New Investment Option
18 Retirement Redesign Decision Guide
Fidelity® Select Technology FSPTX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Telecommunications Port FSTCX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Transportation FSRFX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Utilities FSUTX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Select Wireless FWRLX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Short-Term Bond FSHBX VALIC Fixed Interest Option —
Fidelity® Shrt-Term Trs Bd Idx Prm FSBAX VALIC Fixed Interest Option —
Fidelity® Small Cap Discovery FSCRX Vanguard Extended Market Index InstlPlus VEMPX
Fidelity® Small Cap Enhanced Index FCPEX Vanguard Extended Market Index InstlPlus VEMPX
Fidelity® Small Cap Stock K6 FKICX Vanguard Extended Market Index InstlPlus VEMPX
Fidelity® Stk Selec Lg Cp Val FSLVX MFS® Value R6 MEIKX
Fidelity® Stock Selector Mid Cap FSSMX MassMutual Select Mid Cap Growth I MEFZX
Fidelity® Stock Selector Small Cap FDSCX Vanguard Extended Market Index InstlPlus VEMPX
Fidelity® Strategic Dividend & Income® FSDIX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Strategic Income FSICX PIMCO Income Instl PIMIX
Fidelity® Strategic Real Return FSRRX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Telecom and Utilities FIUIX Vanguard Institutional Target Retirement various Date Fund, based on age
Fidelity® Total Bond K6 FTKFX Metropolitan West Total Return Bd Plan MWTSX
Fidelity® Total International Equity FTIEX Vanguard International Growth Adm VWILX
Fidelity® Total Market Index Instl FSKTX Vanguard Institutional Index Instl Pl VIIIX
Fidelity® Trend FTRNX Fidelity® Contrafund® K6 FLCNX
Fidelity® US Bond Index Institutional FXSTX Vanguard Total Bond Market Index I VBTIX
Fidelity® Value Discovery K6 FDVKX MFS® Value R6 MEIKX
Fidelity® Value K FVLKX MFS® Mid Cap Value R6 MVCKX
Fidelity® Worldwide FWWFX Vanguard Institutional Target Retirement various Date Fund, based on age
Harbor International Retirement HNINX American Funds Europacific Growth R6 RERGX
Oppenheimer Developing Markets I ODVIX Vanguard Emerging Mkts Stock Idx Instl VEMIX
Prudential Jennison Mid-Cap Growth Q PJGQX MassMutual Select Mid Cap Growth I MEFZX
Strategic Advisers® Core Inc Multi-Mgr FWHBX Metropolitan West Total Return Bd Plan MWTSX
Strategic Advisers® Emg Mkts Fd of Fds FLILX Vanguard Emerging Mkts Stock Idx Instl VEMIX
Strategic Advisers® Inc Opps Fd of Fds FSADX PIMCO Income Instl PIMIX
Strategic Advisers® Intl Multi-Mgr FMJDX American Funds Europacific Growth R6 RERGX
Strategic Advisers® S-M Cp Multi-Mgr FNAPX Janus Henderson Triton N JGMNX
Virtus Ceredex Mid-Cap Value Equity R6 SMVZX MFS® Mid Cap Value R6 MVCKX
Ticker Closing Investment Option Ticker New Investment Option
Retirement Redesign Decision Guide 19
Mapping details for current TIAA investment options
Balances that will remain at TIAA TIAA annuity investments that will not move unless you initiate a transfer request include:
Ticker Fund Name
American American Funds Europacific Growth R6 RERGX
Janus Henderson Triton N JGMNX
MassMutual Select Mid Cap Growth I* MEFZX
Vanguard Federal Money Market Investor VMFXX
Vanguard Institutional Target Retirement 2015 Institutional VITVX
Vanguard Institutional Target Retirement 2020 Institutional VITWX
Vanguard Institutional Target Retirement 2025 Institutional VRIVX
Vanguard Institutional Target Retirement 2030 Institutional VTTWX
Vanguard Institutional Target Retirement 2035 Institutional VITFX
Vanguard Institutional Target Retirement 2040 Institutional VIRSX
Vanguard Institutional Target Retirement 2045 Institutional VITLX
Vanguard Institutional Target Retirement 2050 Institutional VTRLX
Vanguard Institutional Target Retirement 2055 Institutional VIVLX
Vanguard Institutional Target Retirement 2060 Institutional VILVX
Vanguard Institutional Target Retirement 2065 Institutional VSXFX
Vanguard Institutional Target Retirement Inc Institutional VITRX
Ticker Closing Investment Option Ticker New Investment Option
American Funds Washington Mutual R5 RWMFX MFS® Value R6 MEIKX
DFA Emerging Markets I DFEMX Vanguard Emerging Mkts Stock Idx Instl VEMIX
Prudential Jennison Growth Z PJFZX Fidelity® Contrafund® K6 FLCNX
TIAA-CREF Equity Index Instl TIEIX Vanguard Institutional Index Instl Pl VIIIX
TIAA-CREF Growth & Income Instl TIGRX Fidelity® Contrafund® K6 FLCNX
TIAA-CREF International Eq Idx Instl TCIEX Vanguard Total Intl Stock Index I VTSNX
TIAA-CREF International Eq Instl TIIEX Vanguard International Growth Adm VWILX
TIAA-CREF Large-Cap Gr Idx Instl TILIX Fidelity® Contrafund® K6 FLCNX
TIAA-CREF Large-Cap Value Idx Inst TILVX MFS® Value R6 MEIKX
TIAA-CREF Large-Cap Value Instl TRLIX MFS® Value R6 MEIKX
TIAA-CREF Mid-Cap Growth Instl TRPWX MassMutual Select Mid Cap Growth I MEFZX
TIAA-CREF Mid-Cap Value Instl TIMVX MFS® Mid Cap Value R6 MVCKX
TIAA-CREF Real Estate Sec Instl TIREX Vanguard REIT Index Institutional VGSNX
TIAA-CREF S&P 500 Index Instl TISPX Vanguard Institutional Index Instl Pl VIIIX
TIAA-CREF Small-Cap Blend Idx Inst TISBX Vanguard Extended Market Index InstlPlus VEMPX
TIAA-CREF Small-Cap Equity Instl TISEX Janus Henderson Triton N JGMNX
TIAA-CREF Social Choice Eq Instl TISCX Vanguard FTSE Social Index I VFTNX
Western Asset Core Plus Bond I WACPX Metropolitan West Total Return Bd Plan MWTSX
TIAA balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity
TIAA Balances Mapping to Same Fund at Fidelity The following investment options at TIAA will move “in-kind” to Fidelity:
CREF Stock TIAA Real Estate CREF Money Market
CREF Social Choice CREF Bond Market CREF Global Equities
CREF Growth CREF Equity Index
CREF Inflation-Linked Bond
TIAA Traditional
* Fund will be added at TIAA on or about May 21, 2018.
20 Retirement Redesign Decision Guide
AGGRESSIVE GROWTH LIFESTYLE
AM BEAC HOLLAND LG CAP GROWTH
ARIEL APPRECIATION FUND
ARIEL FUND
ASSET ALLOCATION FUND
BLUE CHIP GROWTH FUND
BROAD CAP VALUE INC
CAPITAL APPRECIATION FUND
CAPITAL CONSERVATION
CONSERVATIVE GROWTH LIFESTYLE
CORE BOND FUND
CORE EQUITY FUND
DIVIDEND VALUE
EMERGING ECONOMIES
FIXED ACCOUNT PLUS
FOREIGN VALUE
GLOBAL SOCIAL AWARENESS FUND
GLOBAL STRATEGY
GOVERNMENT MONEY MARKET I
GOVERNMENT MONEY MARKET II
GOVERNMENT SECURITIES FUND
GROWTH & INCOME FUND
GROWTH FUND
HEALTH SCIENCES FUND
HIGH YIELD BOND FUND
INTERNATIONAL GOVERNMENT BOND
INTERNATIONAL GROWTH FUND
INTERNATL EQUITIES INDEX FUND
INTL OPPORTUNITIES
LARGE CAP CORE
LARGE CAP VALUE FUND
LARGE CAPITAL GROWTH
MID CAP GROWTH FUND
MID CAP INDEX FUND
MID CAP STRATEGIC GWTH
MID CAP VALUE FUND
MODERATE GROWTH LIFESTYLE
MULTI-YEAR ENHANCED FIXED 3YR
NASDAQ-100(R) INDEX FUND
SCIENCE & TECHNOLOGY FUND
SHORT TERM FIXED ACCOUNT
SM CAP AGGRESSIVE GWTH
SMALL CAP FUND
SMALL CAP GROWTH FUND
SMALL CAP INDEX FUND
SMALL CAP SPECIAL VALUE FUND
SMALL CAP VALUE FUND
SMALL MID GROWTH FUND
SOCIALLY RESPONSIBLE FUND
STOCK INDEX FUND
STRATEGIC BOND FUND
VALUE FUND
VANGUARD LIFESTRATEGY CONSER
VANGUARD LIFESTRATEGY GROWTH
VANGUARD LIFESTRATEGY MODERA
VANGUARD LONG-TERM TREASURY
VANGUARD LT INV-GRADE FUND
VANGUARD WELLINGTON FUND INC
VANGUARD WINDSOR II
Fund Name
Mapping details for current VALIC investment optionsBalances that will remain at VALIC VALIC annuity investments that will not move unless you initiate a transfer request include:
Ticker Closing Investment Option
Janus Henderson Triton N JGMNX
Metropolitan West Total Return Bd Plan MWTSX
VALIC Fixed Interest Option —
Vanguard Federal Money Market Investor VMFXX
Vanguard Institutional Target Retirement 2015 Institutional VITVX
Vanguard Institutional Target Retirement 2020 Institutional VITWX
Vanguard Institutional Target Retirement 2025 Institutional VRIVX
Vanguard Institutional Target Retirement 2030 Institutional VTTWX
Vanguard Institutional Target Retirement 2035 Institutional VITFX
Vanguard Institutional Target Retirement 2040 Institutional VIRSX
Vanguard Institutional Target Retirement 2045 Institutional VITLX
Vanguard Institutional Target Retirement 2050 Institutional VTRLX
Vanguard Institutional Target Retirement 2055 Institutional VIVLX
Vanguard Institutional Target Retirement 2060 Institutional VILVX
Vanguard Institutional Target Retirement 2065 Institutional VSXFX
Vanguard Institutional Target Retirement Inc Institutional VITRX
VALIC balances mapping to same fund at FidelityThe following investment options at VALIC will move “in-kind” to Fidelity:
Fund Name Fund Name
Retirement Redesign Decision Guide 21
VALIC balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity
Ticker Closing Investment Option Ticker New Investment Option
American Century Inflation Adjs Bond R5 AIANX Metropolitan West Total Return Bd Plan MWTSX
American Century Mid Cap Value I AVUAX American Century Mid Cap Value R6 AMDVX
American Funds AMCAP R4 RAFEX Fidelity® Contrafund® K6 FLCNX
American Funds Europacific Growth R4 REREX American Funds Europacific Growth R6 RERGX
Columbia Balanced Inst CBALX Vanguard Instl Target Retirement Date Fund, various based on age
Dreyfus Bond Market Index I DBIRX Vanguard Total Bond Market Index I VBTIX
Dreyfus Small Cap Stock Index Inv DISSX Vanguard Extended Market Index InstlPlus VEMPX
Goldman Sachs Small Cap Value Instl GSSIX Goldman Sachs Small Cap Value R6 GSSUX
Vanguard 500 Index Admiral VFIAX Vanguard Institutional Index Instl Pl VIIIX
Vanguard Mid Cap Index Admiral VIMAX Vanguard Extended Market Index InstlPlus VEMPX
Virtus Ceredex Large-Cap Value Equity I STVTX MFS® Value R6 MEIKX
22 Retirement Redesign Decision Guide
Vanguard Institutional Target Retirement VITLX 2045 Institutional
Vanguard Institutional Target Retirement VTRLX 2050 Institutional
Vanguard Institutional Target Retirement VIVLX 2055 Institutional
Vanguard Institutional Target Retirement VILVX 2060 Institutional
Vanguard Institutional Target Retirement VSXFX 2065 Institutional
Vanguard Institutional Target Retirement VITRX Inc Institutional
Vanguard International Growth Adm VWILX
Vanguard PRIMECAP Fund Admiral Shares VPMAX
Vanguard REIT Index Institutional VGSNX
Vanguard Total Bond Market Index I VBTIX
Vanguard Total Intl Stock Index I VTSNX
Vanguard Balanced Index I VBAIX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Capital Opportunity Adm VHCAX Fidelity® Contrafund® K6 FLCNX
Vanguard Capital Value Inv VCVLX Vanguard Extended Market Index InstlPlus VEMPX
Vanguard Convertible Securities Inv VCVSX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Developed Markets Index Admiral VTMGX Vanguard Total Intl Stock Index I VTSNX
Vanguard Diversified Equity Inv VDEQX Fidelity® Contrafund® K6 FLCNX
Vanguard Dividend Appreciation Index Adm VDADX Vanguard Institutional Index Instl Pl VIIIX
Vanguard Dividend Growth Inv VDIGX Vanguard Institutional Index Instl Pl VIIIX
Vanguard Energy Adm VGELX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard European Stock Index Admiral VEUSX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Explorer Adm VEXRX Janus Henderson Triton N JGMNX
Vanguard Extended Market Index Instl VIEIX Vanguard Extended Market Index InstlPlus VEMPX
Vanguard FTSE All-Wld ex-US Idx Admiral VFWAX Vanguard Total Intl Stock Index I VTSNX
Vanguard FTSE All-Wld ex-US SmCp Idx Inv VFSVX Fidelity® International Small Cap FISMX
Ticker Closing Investment Option Ticker New Investment Option
Vanguard balances mapping to a similar fund or the appropriate age-based Vanguard Target Retirement Fund (as noted) through Fidelity
Ticker Fund Name
Janus Henderson Triton N JGMNX
MassMutual Select Mid Cap Growth I* MEFZX
Metropolitan West Total Return Bd Plan MWTSX
T. Rowe Price Growth Stock I PRUFX
Vanguard Emerging Mkts Stock Idx Instl VEMIX
Vanguard Equity-Income Adm VEIRX
Vanguard Federal Money Market Investor VMFXX
Vanguard Institutional Target Retirement VITVX 2015 Institutional
Vanguard Institutional Target Retirement VITWX 2020 Institutional
Vanguard Institutional Target Retirement VRIVX 2025 Institutional
Vanguard Institutional Target Retirement VTTWX 2030 Institutional
Vanguard Institutional Target Retirement VITFX 2035 Institutional
Vanguard Institutional Target Retirement VIRSX 2040 Institutional
Ticker Fund Name
Mapping details for current Vanguard investment options
Balances mapping to same fund The following investment options at Vanguard will move “in-kind” to Fidelity:
* Fund will be added at Vanguard on or about May 21, 2018.
Retirement Redesign Decision Guide 23
Vanguard FTSE Social Index Inv VFTSX Vanguard FTSE Social Index I VFTNX
Vanguard Global Equity Inv VHGEX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard GNMA Adm VFIJX Metropolitan West Total Return Bd Plan MWTSX
Vanguard Growth & Income Adm VGIAX Vanguard Institutional Index Instl Pl VIIIX
Vanguard Growth Index Institutional VIGIX Fidelity® Contrafund® K6 FLCNX
Vanguard Health Care Adm VGHAX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard High Dividend Yield Index Inv VHDYX MFS® Value R6 MEIKX
Vanguard High-Yield Corporate Adm VWEAX Metropolitan West Total Return Bd Plan MWTSX
Vanguard Inflation-Protected Secs I VIPIX Metropolitan West Total Return Bd Plan MWTSX
Vanguard Institutional Index I VINIX Vanguard Institutional Index Instl Pl VIIIX
Vanguard Interm-Term Bond Index I VBIMX Vanguard Total Bond Market Index I VBTIX
Vanguard Interm-Term Investment-Grde Adm VFIDX Metropolitan West Total Return Bd Plan MWTSX
Vanguard Interm-Term Treasury Adm VFIUX Metropolitan West Total Return Bd Plan MWTSX
Vanguard International Explorer Inv VINEX Fidelity® International Small Cap FISMX
Vanguard International Value Inv VTRIX American Funds Europacific Growth R6 RERGX
Vanguard Large Cap Index Admiral VLCAX Vanguard Institutional Index Instl Pl VIIIX
Vanguard LifeStrategy Cnsrv Gr Inv VSCGX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard LifeStrategy Growth Inv VASGX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard LifeStrategy Income Inv VASIX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard LifeStrategy Moderate Gr Inv VSMGX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Long-Term Bond Index Instl VBLLX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Long-Term Investment-Grade Adm VWETX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Long-Term Treasury Admiral VUSUX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Mid Cap Growth Inv VMGRX MassMutual Select Mid Cap Growth I MEFZX
Vanguard Mid Cap Index Institutional VMCIX Vanguard Extended Market Index InstlPlus VEMPX
Vanguard Mid-Cap Growth Index Admiral VMGMX MassMutual Select Mid Cap Growth I MEFZX
Vanguard Mid-Cap Value Index Admiral VMVAX MFS® Mid Cap Value R6 MVCKX
Vanguard Morgan™ Growth Admiral™ VMRAX Fidelity® Contrafund® K6 FLCNX
Vanguard Pacific Stock Index Admiral VPADX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Precious Metals and Mining Inv VGPMX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard PRIMECAP Core Inv VPCCX Fidelity® Contrafund® K6 FLCNX
Vanguard Selected Value Inv VASVX MFS® Mid Cap Value R6 MVCKX
Vanguard Short-Term Bond Idx I VBITX VALIC Fixed Interest Option —
Vanguard Short-Term Federal Adm VSGDX VALIC Fixed Interest Option —
Vanguard Short-Term Investment-Grade I VFSIX VALIC Fixed Interest Option —
Vanguard Short-Term Treasury Adm VFIRX VALIC Fixed Interest Option —
Vanguard Small Cap Growth Index I VSGIX Janus Henderson Triton N JGMNX
Vanguard Small Cap Index I VSCIX Vanguard Extended Market Index InstlPlus VEMPX
Vanguard Small Cap Value Index I VSIIX Goldman Sachs Small Cap Value R6 GSSUX
Ticker Closing Investment Option Ticker New Investment Option
24 Retirement Redesign Decision Guide
Vanguard STAR Inv VGSTX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Strategic Equity Inv VSEQX Vanguard Extended Market Index InstlPlus VEMPX
Vanguard Strategic Small-Cap Equity Inv VSTCX Vanguard Extended Market Index InstlPlus VEMPX
Vanguard Total Stock Market Idx I VITSX Vanguard Institutional Index Instl Pl VIIIX
Vanguard Total World Stock Index Inv VTWSX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard US Growth Admiral™ VWUAX Fidelity® Contrafund® K6 FLCNX
Vanguard US Value Inv VUVLX MFS® Value R6 MEIKX
Vanguard Value Index I VIVIX MFS® Value R6 MEIKX
Vanguard Wellesley® Income Admiral™ VWIAX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Wellington™ Admiral™ VWENX Vanguard Institutional Target Retirement various Date Fund, based on age
Vanguard Windsor™ Admiral™ VWNEX MFS® Value R6 MEIKX
Vanguard Windsor™ II Admiral™ VWNAX MFS® Value R6 MEIKX
Ticker Closing Investment Option Ticker New Investment Option