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Retirement plan participant fee disclosure notice

Next week, Fidelity will send the government-required retirement plan participant fee disclosure to employees who are eligible to participate in the Vanderbilt University Medical Center 403(b) Retirement Plan. Even if you don’t participate in the plan, but are eligible, you will receive the notice. Former employees with retirement plan accounts will also receive the notice.

You do not need to take any action. The disclosure is for your information only.

If you are an active employee with a valid email address on file, you will receive an email from Fidelity with a link to the disclosure for the current investment options. If you do not have an email address on file, Fidelity will send the disclosure to your residence via regular mail. If you have a balance remaining at a legacy provider (TIAA or Valic) Fidelity will send a combined disclosure notice to your home address which includes fee information for the current investment options as well as the investment options at TIAA or Valic.

You will also be able to view the document on the HR website and on Fidelity NetBenefits®.

Please note that government regulations require that you receive the entire document, including funds you may not be invested in.

The disclosure includes the following plan-related information:

  • Participant rights under the plan
  • Rules related to providing investment direction
  • Details about the plan's investment options, including investment-related fees and restrictions

The disclosure is intended to help you make informed investment decisions by providing a complete, accurate picture of the plan’s investment options, fees and expenses. You do not need to take any action, but you can use the document as a resource for managing your account.

For additional information, visit NetBenefits or the HR website.

 


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