An array of investment choices
Performance
New employees hired after 02/01/2017 will have their contributions automatically invested in the age-appropriate target date funds. However, you decide how to invest all contributions among the mutual funds and the Fixed-Interest Option* offered under the State of Florida Social Security Alternative Plan.
This plan represents a long-term investment. Investment values of the mutual funds you choose will fluctuate, and there is no assurance that the objective of any fund will be achieved. Mutual fund shares are redeemable at the then-current net asset value, which may be more or less than the original cost. Bear in mind that investing involves risk, including possible loss of principal.
* Policy Form GFA-315, a group fixed unallocated annuity issued by The Variable Annuity Life Insurance Company, Houston, Texas.
Administrative fee
The gross annual administrative fee assessed on assets in the plan is $55 per participant with an account balance equal to or greater than $600. This may be offset, in whole or in part, by reimbursement received from mutual fund companies. Additionally, mutual fund annual operating expenses apply based on the funds chosen. Mutual fund expenses and fund reimbursements are described in the prospectus.
To view or print a prospectus, access “Prospectuses and Other Important Materials.” The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling 1.800.428.2542.
