FDIC-Insured Checking Option from Fifth Third Bank

You can even contribute to an FDIC-insured checking account (through Fifth Third Bank) that lets you withdraw money using a debit card, so you can easily use your funds for everyday expenses.

 

 

Debit Card

Aggressive Option

Objective:

The Investment Option seeks to provide long-term capital appreciation with very low income potential.

Strategy:

The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 90% of its assets to stocks and 10% of its assets to investment-grade bonds.

Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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Pie chart showing breakout of stocks and bonds within the aggressive investment option.

Moderately Aggressive Option

Objective:

The Investment Option seeks to provide long-term capital appreciation with low income potential.

Strategy:

The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 75% of its assets to stocks and 25% of its assets to investment-grade bonds.

Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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Pie chart of 75% stocks and 25% bonds within the moderately aggressive investment option.

Growth Option

Objective:

The Investment Option seeks to provide capital appreciation and low current income.

Strategy:

The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 60% of its assets to stocks and 40% of its assets to investment-grade bonds.

Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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Pie chart showing breakout of 60% stocks and 40% bonds within the growth investment option.

Moderate Option

Objective:

The Investment Option primarily seeks to provide capital appreciation and secondarily provide moderate current income.

Strategy:

The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds and one BlackRock bond index fund. Through its investment in these Underlying Investments, the Investment Option allocates approximately 45% of its assets to stocks and 55% of its assets to investment-grade bonds.

Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors in the Plan Disclosure Statement.

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Pie chart showing breakout of 45% stocks and 55% bonds within the moderate investment option.

Moderately Conservative Option

Objective:

The Investment Option seeks to provide moderate current income and low capital appreciation and moderate capital preservation.

Strategy:

The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds, one iShares bond index fund and a Sallie Mae High Yield Savings Account. Through its investment in these Underlying Investments, the Investment Option allocates approximately 30% of its assets to stocks, 45% of its assets to investment-grade bonds and 25% to cash.

Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors and Sallie Mae High Yield Savings Account – Investment Risks in the Plan Disclosure Statement.

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Pie chart of 30% stocks, 45% bonds, & 25% cash in the moderately conservative investment option.

Conservative Option

Objective:

The Investment Option seeks to provide substantial capital preservation, limited current income and very low capital appreciation.

Strategy:

The Investment Option invests in two Vanguard stock index funds, two Schwab stock index funds, one iShares stock index fund, three Vanguard bond index funds, one iShares bond index fund and a Sallie Mae High Yield Savings Account. Through its investment in these Underlying Investments, the Investment Option allocates approximately 10% of its assets to stocks, 30% of its assets to investment-grade bonds and 60% to cash.

Risks:

The Investment Option has a number of investment related risks. For a list and descriptions of the risks associated with the Vanguard funds, BlackRock funds and Schwab funds, see Explanations of Investment Risk Factors and Sallie Mae High Yield Savings Account – Investment Risks in the Plan Disclosure Statement.

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Pie chart of 10% stocks, 30% bonds, & 60% cash in the conservative investment option.