Author Topic: 403b Vendor Options  (Read 1251 times)

brokescientist

  • 5 O'Clock Shadow
  • *
  • Posts: 62
  • Location: Frederick, MD
403b Vendor Options
« on: November 22, 2015, 08:59:06 AM »
Hello,

I have a few vendor options to choose from for my 403b.   Which do you recommend?

AXA
AIG Valic
ING financial advisors
Hoarceman
MetLife
TIAA/Cref
Symetra
Fidelity

I am reading here that AXA is pretty terrible. 

I am leaning toward Fidelity due to their Spartan options.

What do you think?  How should I go about deciding?

Thanks!

Another Reader

  • Magnum Stache
  • ******
  • Posts: 4453
Re: 403b Vendor Options
« Reply #1 on: November 22, 2015, 09:05:04 AM »
Fidelity has good and bad plans.  Some plans have plan fees and high expense ratios.  Look at the actual fund offerings and expenses before you make a decision.

lhamo

  • Walrus Stache
  • *******
  • Posts: 7640
  • Location: Seattle
Re: 403b Vendor Options
« Reply #2 on: November 22, 2015, 09:07:29 AM »
I'd go with Fidelity or TIAA-CREF, depending on the offerings.  The rest look like a lot of insurance companies that are probably going to try to wrap everything in an annuity -- how that practice came to be prevalent in retirement accounts is mystifying to me....

mizchief

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Re: 403b Vendor Options
« Reply #3 on: November 22, 2015, 09:14:31 AM »
I have some of these options in my 403(b).  The particular mutual funds that are offered will vary according to the contract your institution set up. 

Generally TIAA-CREF and Fidelity are good options.  I have my 403(b) money spit between both.  In my plan, the TIAA-CREF has good options in TIAA Traditional (interest now 4%, I use it for some of my bond allocation) and TIAA real estate.  The CREF has a good international index fund and an SP500 index fund (check the expense ratios for these in your plan; they vary according to the institution.

My Fidelity fund has Spartan index funds which have low expense ratios on par with Vanguard. 

If you have a 403(b), you may also have a 457 plan available that will allow you to set aside an additional 18K tax-free if you have room for that. 

brokescientist

  • 5 O'Clock Shadow
  • *
  • Posts: 62
  • Location: Frederick, MD
Re: 403b Vendor Options
« Reply #4 on: November 22, 2015, 09:28:03 AM »
OK.  I will contact both TIAA/CREF and Fidelity on Monday.

Thanks!

brokescientist

  • 5 O'Clock Shadow
  • *
  • Posts: 62
  • Location: Frederick, MD
Re: 403b Vendor Options
« Reply #5 on: November 24, 2015, 01:23:40 PM »
holy smokes.  Fidelity blows all other vendors out of the water.  I apparently have access to all of their funds through my 403b, including all the spartan funds.  Good news!

thanks all.