The Investment Performance and Fee Disclosure Summary contains important information about funds in the 403(b) retirement plan at Duke.

Current Investment Information

Federal regulation requires that Duke, as the retirement plan sponsor, provide plan participants with fee disclosure information regarding fees and services associated with the Faculty and Staff Retirement Plan.

The link below provides you with information about investment performance and all the services and fees associated with the investment options available through the Duke University Faculty and Staff Retirement Plan.

You may access the following information:

• An overview of retirement plan fees
• Fee information for available services in the Plan
• Information on expense ratios for each investment option available in the Plan
• A link to the website for each of the investment carriers
• A glossary of financial terms
• Understanding self-directed brokerage account fees
• Important information about how to transfer money from the frozen annuity products to the new investment lineup
• A simplified list of investment options available in the plan

You should reference this information as you make your investment decisions. In addition to fees and expenses, you should also consider a fund's past performance, your personal risk tolerance and the amount of time until your retirement.

• Investment Reports and Fee Disclosure Information
• Please enter your plan number where it asks for a password:  82205

• Log into your Fidelity account at Fidelity.com/duke to view updated performance and fee information.

Fidelity is the primary retirement service provider for recordkeeping services, including investment options, enrollment, distributions, loans and hardship withdrawals.

New in 2021

Effective July 1, 2021, the retirement administration fee at Fidelity has been reduced for participants with an account balance of $5,000 or more. If your plan balance is $5,000 or more, the fee has changed from $13.50 per quarter ($54 annually) to $10.25 per quarter ($41 annually). If your plan balance is below $5,000, you will continue to pay $6.25 per quarter ($25 annually).

Important Plan Information for participants with Frozen Accounts at TIAA and/or AIG

• CREF Money Market R3 Account- Due to the low interest rate environment and the fees associated with the CREF Money Market, the CREF Money Market Account at TIAA may have negative returns. This means you may lose money in this investment. If you are invested in the CREF Money Market Account you may want to consider other investment options available in the Plan on the Fidelity platform. The Plan offers the Vanguard Federal Money Market Fund (VMFXX), which has a management fee of 0.11%. The Vanguard Federal Money Market Fund is a U.S. government money market fund and is not subject to the same fee requirements and liquidity restrictions that apply to the CREF Money Market. You may want to consult your financial advisor to discuss your options.
• Frozen Annuity Accounts - Certain annuity products at AIG Retirement Services (VALIC) and TIAA are frozen to new contributions. Please be aware that the frozen annuity account products are not evaluated or monitored by the plan's investment committee. Individuals invested in these frozen annuity accounts can transfer their balances at any time, subject to any restrictions described in the annuity contract, and invest those assets in an investment option available under the current lineup. To learn more about the frozen annuities, their performance and fees, and how to transfer balances to Fidelity, please see Investment Performance and Participant Fee Disclosure Information.

Need Assistance?

Duke is committed to providing you with ongoing support to help you better understand the services, fees, expenses and provisions associated with your Plan. If you have any questions about this information, please contact the Duke HR Benefits Office at (919) 684-5600 or by email at benefits@duke.edu.