Investment Providers and Performance

GW’s retirement plans are supported by two investment providers: TIAA and Fidelity Investments. Each provider offers a range of investment options where you can invest your retirement plan contributions. Investment options available are listed below, Further information about the investment options available through each provider, including historical fund performance, fund management fees and fund prospectuses can be found through the following provider links:

Investment fund options available through TIAA
Investment fund options available through Fidelity

Investment Fund Options

The investment options available under the GW retirement plans have been organized into four groups—or tiers—based on individual investment styles. Please note that investments in Tiers 1 – 3 are selected and monitored by GW’s Retirement Plan Investment Committee, in consultation with CAPTRUST, while Tier 4 (self-directed brokerage option) is not.

Tier 1: Allocation Tier - offers target date funds (Vanguard Target Retirement Funds), which can be a good option for those who want to “set it and forget it.” You can simply select a fund based on your birth year; the fund will automatically adjust and rebalance for you as you get closer to retirement, assuming a retirement age of 65. Additionally, the allocation tier offers two variable annuities that are available through TIAA.

Tier 2: Passive Tier - offers lower-cost indexed options that attempt to match the performance of several market indexes (e.g., S&P 500). It can provide broad diversification within a single type of asset class.

TIAA		Fidelity
Investment Option	Ticker	Investment Option	Ticker
		Fidelity U.S. Bond Index Fund	FXNAX
Nuveen Bond Index Fund Institutional Class	TBIIX
Vanguard FTSE Social Index Fund Institutional Shares	VFTNX	Vanguard FTSE Social Index Fund Institutional Shares	VFTNX
Vanguard Institutional Index Fund Institutional Plus Shares	VIIIX	Vanguard Institutional Index Fund Institutional Plus Shares	VIIIX
Vanguard Mid-Cap Index Fund Institutional Shares	VMCIX	Vanguard Mid-Cap Index Fund Institutional Shares	VMCIX
Vanguard Real Estate Index Fund Institutional Shares	VGSNX	Vanguard Real Estate Index Fund Institutional Shares	VGSNX
Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares	VTAPX	Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares	VTAPX
Vanguard Small-Cap Index Fund Institutional Shares	VSCIX	Vanguard Small-Cap Index Fund Institutional Shares	VSCIX
Vanguard Total International Stock Index Fund Institutional Plus Shares	VTPSX	Vanguard Total International Stock Index Fund Institutional Plus Shares	VTPSX

Tier 3: Active Tier - offers investment options that have a manager who uses financial resources, forecasts, and their own judgment and experience to make investment decisions on what securities to buy, hold, and sell within each portfolio.

TIAA		Fidelity
Investment Option	Ticker	Investment Option	Ticker
Columbia Overseas Value Institutional 3 Class	COSYX	Columbia Overseas Value Institutional 3 Class	COSYX
CREF Money Market Account Class R3 (variable annuity)	QCMMIX
Driehaus Emerging Markets Growth Fund Institutional Class	DIEMX	Driehaus Emerging Markets Growth Fund Institutional Class	DIEMX
		Fidelity Growth Company K6 Fund	FGKFX
		Fidelity Total Bond	FTBFX
MFS Mid Cap Growth Fund Class R6	OTCKX	MFS Mid Cap Growth Fund Class R6	OTCKX
MFS Mid Cap Value Fund Class R6	MVCKX	MFS Mid Cap Value Fund Class R6	MVCKX
Nuveen Core Plus Bond Fund Institutional Class	TIBFX
Nuveen Inflation Linked Bond Fund Institutional Class	TIILX
Nuveen Large Cap Growth Fund Institutional Class	TILGX
TIAA Real Estate Account (variable annuity)	QREARX
TIAA Traditional Annuity (guaranteed annuity)	n/a
Vanguard Federal Money Market Fund Investor Shares	VMFXX	Vanguard Federal Money Market Fund Investor Shares	VMFXX
Vanguard High-Yield Corporate Fund Admiral Shares	VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	VWEAX
		Vanguard Inflation-Protected Securities Fund Admiral Shares	VAIPX
Vanguard International Growth Fund Admiral Shares	VWILX	Vanguard International Growth Fund Admiral Shares	VWILX
Vanguard Short-Term Investment-Grade Fund Institutional Shares	VFSIX	Vanguard Short-Term Investment-Grade Fund Institutional Shares	VFSIX
Vanguard Windsor Fund Admiral Shares	VWNEX	Vanguard Windsor Fund Admiral Shares	VWNEX

Tier 4: Self-Directed Brokerage - If you’re an investor who wants more investment selection, you can open a self-directed brokerage account through the GW retirement plans. This account gives you additional opportunities to invest in a wide range of mutual funds across several asset classes outside of the plans’ investment lineup. There are minimum/subsequent balance requirements to use this option, which vary by plan and provider.

If you choose to invest through the self-directed brokerage account option, there may be commissions on transactions and other account-related fees. Visit tiaa.org/sda_caa for a complete list of commissions and fees for TIAA. For a listing of all applicable brokerage fees for Fidelity, please refer to the Fidelity BrokerageLink^® Commission Schedule by logging in to netbenefits.com/gw, clicking Quick Links, then BrokerageLink. In addition, there are specific fund fees and expenses that may apply. These are described in each fund’s current prospectus.

If you choose to open a self-directed brokerage account, keep in mind that GW neither selects nor monitors investment funds available through self-directed brokerage accounts, and the providers do not offer investment advice for balances in these accounts. It’s important that you consider whether or not you have the time and expertise necessary to manage your own investments in the account.

Provider Administrative Fees

Each retirement plan provider will assess an annual plan administrative fee which will be deducted proportionally from your investments each quarter. Plan administrative fees may include legal, accounting, trustee, recordkeeping, and other administrative fees and expenses associated with maintaining the plan.

The fee may vary if a portion of the administrative fee is funded by revenue sharing, a practice where investment providers share in the cost of administration. If the revenue sharing amount of the investment option you select exceeds the total administration cost, a credit is applied to the investment option. If the revenue sharing amount is less than the total administration cost, then a fee is applied.

TIAA participants will be assessed a plan servicing fee of up to 0.046% ($0.46 per $1,000 invested) in the 401(a) plan, 0.032% ($0.32 per $1,000 invested) in the 403(b) plan and 0.036% ($0.36 per $1,000 invested) in the 457(b) plan. Each fee or credit will be identified as a “TIAA Plan Servicing Fee” or a “Plan Servicing Credit” on your quarterly statement.

Fidelity participants will be assessed a plan servicing fee of up to 0.055% ($0.55 per $1,000 invested) in the 401(a) and 403(b) plans, 0.04% ($0.40 per $1,000 invested) in the 457(b) plan and 0.15% ($1.50 per $1,000 invested) in the 457(f) plan. The plan administrative fee or credit will be shown as a separate line item labeled “recordkeeping fee” on your quarterly statement.

Information about TIAA

What makes TIAA a great partner for your financial future?
For more than 100 years, TIAA has been helping education professionals nationwide prepare for the kind of retirement they want and deserve. Because of this core focus, we have the kind of experience, insight, and know-how you need to pursue your retirement savings goals.

TIAA offers you a wide range of investment choices.
As you look at the TIAA options under your GW retirement plan, you’ll see an array of choices designed to help you build a portfolio tailored to your age and risk tolerance. It’s a good idea to contribute as much as you can, up to the maximum the plan allows.

You get advice on all your assets.
You have an extraordinary opportunity to create a 360-degree plan for retirement. TIAA financial consultants can give you knowledgeable guidance on your retirement plan — including any assets your spouse or partner may have. Best of all, you get this advice at no additional cost.

Please review the Contract Comparison Chart (PDF) to understand the features of annuity contract types available from TIAA.

Note: Please contact TIAA directly to receive additional commercial information published for your use.

TIAA
24-Hour Service: (800) 842-2776
Individual Retirement Counseling Appointment: (866) 843-5640

Information about Fidelity

If you’re like most people, you want your hard-earned retirement savings to be in good hands. Consider America’s retirement leader, Fidelity Investments, and take advantage of our experience to help you build a more rewarding future.

Service excellence you can count on.
Chances are, you already know Fidelity by reputation. Founded in 1946, Fidelity has always been committed to accuracy, top technologies, and the highest ethical standards. A relationship with us means you can count on accurate statements and information, as well as timely assistance with your questions.

Experience to meet your needs.
Fidelity serves more than 43 million participants, and we bring this experience to help you manage your priorities at every stage of your life. Because we service plans for thousands of tax-exempt organizations, we understand how employees like you wish to make the most of your retirement program.

Education how and when you need it.
To help you make knowledgeable and confident decisions about your money, Fidelity offers flexible learning opportunities, including:

Online workshops, tools, and resources
On-site learning opportunities
Regular e-mail and print messages
Experienced representatives

Note: Please contact Fidelity Investments directly to receive additional commercial information published for your use.

Fidelity Investments
24-Hour Service: (800) 343-0860
Individual Retirement Counseling Appointment: (800) 642-7131