New federal regulation requires that plan sponsors provide plan participants with fee disclosure information regarding fees and services associated with the Duke University Faculty and Staff Retirement Plan. This disclosure is intended to provide you important information to assist you in making informed decisions about the management of your Plan account and the investment of your retirement savings.
The Plans has four investment carriers: VALIC, Fidelity, Vanguard and TIAA. Each investment carrier offers a broad range of investment alternatives, intended to allow you to achieve a diversified portfolio. The fee disclosure information for each investment carrier includes the following:
In an effort to make it easier to navigate through the investment options currently offered through the Plans, Duke offers a tiered approach to investing.
Tier 2: Core Funds - A "Best in Class" Approach
These funds represent the primary asset classes (stocks, bonds, and short-term instruments) and have been chosen by the IAC based on their suitability for inclusion in a customized retirement portfolio. You can select from this group of "best-in-class" funds to build your own diversified portfolio.
Tier 3: Other Funds
This tier includes other funds that will not be regularly monitored by the IAC, so you will be responsible for monitoring the holdings and performance of these funds to ensure they remain in line with your investment startegy.