Life is a Journey R E T I R E M E N T A D E S T I N AT I O N The University System of Maryland Retirement Plans
Fidelity Can Help Your Every Step of the Way. Online Log on to netbenefits.com/usm the home page will bring you directly to useful information, including: Plan Details Investment Choices and Performance Information Tools & Education Contact Information Connect by Phone Call a Fidelity Representative at 1-800-343-0860, Monday through Friday, 8 a.m. to midnight Eastern time, for account information and assistance. Fidelity s representatives are knowledgeable, dedicated, professional, and committed to helping you take full advantage of your retirement plans. One-on-one Help from Fidelity Meet with a Fidelity Representative for an on-site complimentary one-on-one appointment right at work by calling 1-800-642-7131 or by registering online at Fidelity.com/reserve. Get one-on-one help over the phone by calling 1-866-715-6111. Phone appointments are available Monday through Friday from 8 a.m. to 9 p.m. Eastern time. Or, call to schedule an appointment for another time that s more convenient to you. Tap into Fidelity s experience and feel more confident about your financial future. A Fidelity Retirement Planner is ready to help you: Manage your retirement savings goals. Choose from a wide range of investments. Build a plan that s easy to put into action. Access Your Plan Online Virtually Any Time Once your account has been set up, log on to netbenefits.com/usm to: View and manage your account. Use planning tools and savings calculators. Check out our on-demand workshops. NetBenefits Mobile Apps The NetBenefits mobile apps are available for download from the App Store and Google Play TM. The apps offer full access to your Fidelity workplace investing accounts, including defined contribution plan information, defined benefit balances, SPS functionality from the existing retail application, and the ability to view personal retail accounts. The apps also include a view into the NetBenefits Library, which contains articles, videos, podcasts, tools, and workshops. 2
Getting Started Enrollment Is Easy Now that you are eligible to participate in the University System of Maryland s retirement program, the most important steps you need to take are enrolling in the plan and choosing your investment options. To enroll with Fidelity Investments, simply complete the forms required by your employer and the State of Maryland and select Fidelity as your retirement plan vendor. All forms must be returned to your institution s Benefits Office. Optional Retirement Plan (ORP): Complete a USM Vendor Selection Form. 403(b) and 457(b) plans: Complete a Salary Deferral Agreement and Deduction Authorization Form. Fidelity Investments will automatically set up your online account on Fidelity NetBenefits once the first employer contribution has been received. You will receive a welcome notification from Fidelity that your account has been set up. Then, you will need to access your account and set up your password. Simply log on to netbenefits.com/usm or call a Fidelity Representative at 1-800-343-0860. If you are already a Fidelity customer, you may use your existing password. Once your Plan account has been established, you can change your future contribution allocations to the fund of your choice, and name your beneficiaries online in Fidelity NetBenefits at netbenefits.com/usm. We re here to help. If you need assistance with accessing your account, call Fidelity Investments toll free at 1-800-343-0860, Monday through Friday, 8 a.m. to midnight Eastern time. 3
Choosing the Right Investment Strategy for You To help you meet your investment goals, the Plan offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. Fidelity offers approaches to investing for everyone, from those who prefer to handle everything themselves to those who want others who prefer Professional Investment Management. Target Date Funds Help Take The Guesswork Out Of Investing The Plan offers the Fidelity Freedom Funds Class K, which provide a blend of stocks, bonds, and short-term investments within a single fund. Each Freedom K Fund s asset allocation is based on the number of years until the fund s target retirement date. The Freedom K Funds are designed for investors who want a simple approach to investing for retirement. Target date funds are designed for investors expecting to retire around the year indicated in each fund s name. The investment risk of each Target date fund changes over time as the fund s asset allocation changes. The funds 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, commodity-linked, and foreign securities. Principal invested is not guaranteed at any time, including at or after the fund s target date. Build Your Own Investment Option Portfolio When it comes to mutual funds, Fidelity has a longstanding commitment to research and performance. By investing your contributions at Fidelity, you have a wide range of investment options, all categorized in an easy to understand format. You can choose among investments and different asset classes to develop your own portfolio to match your time horizon and tolerance for investment risk. The investment options available through the Plan include conservative, moderately conservative, and aggressive funds. You can change your allocations after we receive your first contribution and enroll you to build your portfolio at the same time you are being enrolled in the Plan. A complete description of the Plan s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online at Fidelity NetBenefits at netbenefits.com/usm. Review and choose from the Plan s investment options. If you do not select specific investment options in the Plan, contributions will be invested in the Fidelity Freedom Funds Class K with a target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65, at the direction of the Plan Sponsor. Above all, we want you to know that Fidelity is here to help. If you have questions about the available investment options and/or want help selecting your investments, please call Fidelity Investments toll free at 1-866-715-5959, Monday through Friday, 8 a.m. to 9 p.m. Eastern time. For illustrative purposes only. 4
Make Saving for Retirement Easier with Fidelity Getting a handle on your retirement and other aspects of your financial life doesn t have to be daunting or difficult. Fidelity offers a wide array of resources and one-onone help, so you can rest assured that your workplace savings will be ready for your retirement when you are. Resources to Guide and Inform You at No Additional Cost Let Fidelity help you get ready for retirement with our range of information and tools. Consultations with licensed retirement planners Meet with our professionals one-on-one or over the phone to talk about how to meet your financial goals. Workshops and webcasts Learn about topics that matter to you, like retirement income planning, managing debt, and Social Security Financial research online and tools Understand how to meet all your goals, using online tools and relevant industry insights. Make the Most of Your Retirement Savings with Fidelity, America s Retirement Leader SM * Service excellence you can count on We re available to answer questions, process transactions, and provide insights. Learn your investment style Build a diversified portfolio across markets, and across Fidelity and non-fidelity funds. Simplify your retirement savings Consider consolidating retirement accounts in one place to make tracking easier. NEED HELP? CALL 1-866-715-5959 to speak with a licensed planner, M-F, 8 a.m. to 9 p.m., ET. CLICK netbenefits.com/usm for valuable online tools and resources. MEET Schedule a consultation with a licensed representative. Sign up for a workshop or visit fidelity.com/webcasts. Go to Getguidance.fidelity.com or call 1-800-642-7131 * Based on two surveys: The PLANSPONSOR magazine 2017 Recordkeeping Survey ( Asset International Inc.), based on defined contribution plan assets administered and number of participants of recordkeepers, as of 12/31/2016; and Cerulli Associates The Cerulli Edge Retirement Edition, Q1 2017, based on an industry survey of firms reporting total IRA assets administered for Q4 2016. Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets. 5
Keep Your Retirement on Track in Five Easy Steps Make your retirement savings work harder. Sign up and then set up your account to get the greatest possible benefits for your personal financial situation and retirement goals. Just follow these five steps to ensure that your retirement savings are on track. Enroll Elect Invest Simplify Designate Simply complete the forms required by your employer and the State of Maryland and select Fidelity as your retirement plan vendor. All forms must be returned to your institution s Benefits Office. Elect or change how much you contribute from your pay online or by completing a salary reduction form available through your HR department. Choose the investments that best fit your needs and goals, across different markets and different funds. Discover your investment options at netbenefits.com/usm or in information provided to your employer by Fidelity. Review your retirement accounts and consider consolidating them to make them easier to manage. Discuss your options with our licensed retirement planners. Establish beneficiaries for your retirement savings account, and review this information periodically as changes in your life occur. Designate and make changes to your beneficiaries online or by calling Fidelity. Enroll or Make Changes to Your Retirement Savings Account. CALL 1-800-343-0860 (M-F, 8 a.m. to midnight, ET) CLICK netbenefits.com/usm 6
The University System of Maryland Plans Investing for retirement is one of your most important financial goals. The University System of Maryland is dedicated to offering you the best possible retirement plans for your long term investment needs. Optional Retirement Plan (ORP) The ORP is administered by the State of Maryland to those eligible to participate and is the base retirement plan to which your employer contributes on your behalf. The State of Maryland s contributions are an important part of your overall retirement savings. You are eligible to receive employer contributions based on your position, which you decide how best to invest for your future goals. Participating in the ORP and receiving other benefits, such as Social Security, may help cover essential living expenses in retirement, but that may not be enough to finance the lifestyle you have in mind. Consider taking advantage of your employer s supplemental retirement plans. 403(b) Supplemental Retirement Plan Through payroll deductions, you can contribute additional pretax funds to a supplemental plan above and beyond what is contributed to the ORP, or the 457(b) Plan, up to the IRS limits. 457(b) Supplemental Retirement Plan Through payroll deductions, you can contribute additional pretax funds to a supplemental plan above and beyond what is contributed to the ORP, or the 403(b) Plan, up to the IRS limits. 7
Contacts Customer Service: Call 1-800-343-0860, Monday through Friday, 8 a.m. to midnight Eastern time. USM Fidelity retirement savings plans website: netbenefits.com/usm One-on-one on-site appointment: Call 1-800-642-7131 or go online at Fidelity.com/reserve. By-phone appointment: Call 866-715-6111. NetBenefits mobile app: App Store and Google Play TM For illustrative purposes only. Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. Investing involves risk, including risk of loss. The trademarks and service marks appearing herein are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliated company, and may be registered. This document provides only a summary of the main features of the State of Maryland Optional Retirement Plan (ORP), the University System of Maryland Supplemental 403(b) Plan, the 457(b) Plan, and the Plan Document will govern in the event of discrepancies. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 2017 FMR LLC. All rights reserved. 826544.1.1