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DISCONTINUED PRODUCT - Product not available to new enrollees.

NEA DirectInvest
Product ID: 228

Vendor:
Security Benefit
Type:
Mutual Fund 
Discontinued Discontinued


$92
0.57%
None
Yes
Roth Eligible





NEA® DirectInvest® is part of the overall NEA Retirement Program and is a voluntary retirement savings and investment program designed for educators. For those NEA Members who feel confident enough and wish to make their own retirement planning decisions, there's an online way to invest in the NEA Retirement Program. DirectInvest offers a convenient way to invest through a secure Internet connection.

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Quarterly on 1st business day of the quarter Minimum $25 per fund Initiate in writing; change in writing or by phone
Monthly or quarterly on 1st business day of month Minimum $25 per fund (only permitted out of JPMorgan U.S. Government Money Market) No earnings – only DCA (DCA does not assure a profit and does not protect against loss in a declining market.) Initiate in writing; change in writing or by phone
Minimum of $25 per fund Security Benefit reserves the right at a future date to limit the number of exchanges to 14 or less in a contract year. Initiate via written, phone or Internet request Not designed for active trading – Security Benefit reserves the right to restrict the availability of telephone or other electronic transfers.

Minimum $1,000 Maximum loan amount is the lesser of $50,000 less the highest outstanding loan balance during the preceding 12-month period, or, 50% of the employee’s nonforfeitable account value Only 1 loan outstanding at a time (2nd loan cannot be taken to pay off current loan) 5-year maximum term unless for residence, then 30-year maximum term No prepayment allowed unless to pay off the outstanding balance of the loan Loan origination fee: $100 Annual loan maintenance fee: $50 ($12.50 charged quarterly) Interest rate: Prime Rate plus 1.00% (based on Prime Rate on 1st business day of each month) Monthly loan payments made through ACH

Yes


All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact of fees, and the different types of fees please refer to the Explanation of Fees piece located in the Help & Resources.

Fees

$35.00 Annually Flat Dollar Amount Yes Yes Yes
Fee Waiver
$35 per year for account balances less than $50,000 No fee for account balances over $50,000
Breakpoint
$35 per year for account balances less than $50,000 No fee for account balances over $50,000

$12.50 At the time of loan origination Flat Dollar Amount No No Yes

$100.00 At the time of loan origination Flat Dollar Amount No No Yes

Funding Options


Fixed Investment Options

Variable Investment Options


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