University Of Wisconsin System 403b Fidelity Investment Options

University of wisconsin system 403b fidelity investment options

The UW TSA Program offers Fixed Annuities, Variable Annuities and Mutual Funds.

Annuities are insurance contracts purchased from one of the insurance providers.

University of wisconsin system 403b fidelity investment options

Fixed annuities pay interest at or above a guaranteed rate. Variable annuities do not have a guaranteed return: through the insurance provider, you invest in a stock or bond fund similar to a mutual fund. Your return depends on the performance of the investments.

In a mutual fund, your money is pooled with that of other investors and is managed by an investment manager.

Mutual funds invest in a variety of different types of stocks and bonds according to their investment objectives.

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Your return depends on the performance of the investments.

Click here to access a list of the UW TSA Investment Options by provider that are authorized for UW employees under the UW TSA Program.

Low-Cost Share Classes

Each UW Tax-Sheltered Annuity (TSA) 403(b) provider incurs operating expenses when it manages your investments.

These expenses are taken out of the fund's assets and affect the overall rate of return of the fund.

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The measure of what it costs a provider to manage its funds is referred to as an expense ratio. Typically, the lower the expense ratio, the greater the rate of return for you - the investor.

Fidelity, TIAA, and T.

University of wisconsin system 403b fidelity investment options

Rowe Price offer mutual funds with institutional (low-cost) share classes to UW TSA participants. Fidelity refers to these low-cost share classes as "K share" classes. TIAA also offers the lowest-cost tier or annuity products in the UW TSA Program.

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Because of the size of the UW TSA Program, UW employees qualify to purchase these low-cost shares and annuity products through the TSA Program.

Funds with institutional class shares have the same management team and investment objectives as the funds in other share classes but the expense ratios are lower.

Access to low-cost funds provides a great advantage for UW TSA Program participants.

All the target retirement date funds (Fidelity Freedom Funds, TIAA Lifecycle Funds, and T. Rowe Price Retirement funds) are available as part of the lower-cost share class offering.

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The other Fidelity, TIAA, and T. Rowe Price funds, including those being offered with the lower-cost share classes, are listed on the UW TSA Investment Options by provider document.

University of wisconsin system 403b fidelity investment options