Retire Ready Tennessee

401(k)/457 Investing

Learn about the investment choices and support available—from managed accounts to online help to building your own portfolio

Carefully selected investment choices to meet your goals


multi-generational family with dog, sitting outside, laughing in the autumn

RetireReadyTN offers a variety of carefully selected investment choices, enabling you to decide how your money should be invested given your individual goals, risk tolerance, and timeline.

The investment options are the same in both the 401(k) and the 457.

Age-based target date funds are the default investment option for the 401(k) / 457 plans. Participating members who do not specify an investment choice will be placed in the target date fund that is closest to the date the member turns 65. More information about target date funds can be found in the Target date funds tab.

Choose the option that's right for you.

Discover the various ways you can manage your path to retirement.

  • Target date funds (broad diversification with a single fund)
  • Managed accounts (do it for me)
  • Online advice (help me do it)
  • Online tools and guidance (do it myself)
  • Build your own portfolio (invest in one or more funds)

couple on couch, checking retirement plans on tablet device

Fund overview, performance, and administrative costs

RetireReadyTN provides the investment objective, holdings, a breakdown of the fund’s assets by industry, the risk level, and the fund manager for each of your available investment options.

Fund overview

View the investment objective, holdings, a breakdown of the fund’s assets by industry, the risk level, and the fund manager for each of your available investment options.

Investment performance and administrative costs

View all available investment option returns for year to date, one year, three years, five years, 10 years or since inception, along with administrative costs associated with each option.

View the State of Tennessee investment performance View administrative costs

Target date funds

Target date funds provide broad diversification within a single fund. These funds automatically adjust their asset allocations over time, becoming more conservative as the target retirement date approaches.

Target funds chart showing stocks, bonds, and money markets

Broadly diversified across the spectrum

They may be ideal for you if you don’t have the time or expertise to manage your retirement investments.

Target date funds are broadly diversified across the spectrum of asset classes and investment styles and are automatically rebalanced. Each fund’s glide path determines how the stock/bond/cash mix changes as investors age.

FOR ILLUSTRATIVE PURPOSES ONLY. The gradual change in the asset allocation mix is also known as a fund’s glide path. This graphic is not intended to represent the actual glide path of any specific fund in your plan. When selecting a target date fund, consider choosing the one that is closest to the date you think you will retire, typically the fund with a target date that is closest to the year when you will reach age 65. The principal value of the fund(s) is not guaranteed at any time, including at the time of the target date and/or withdrawal. For more information, please refer to the fund prospectus and/or disclosure document which can be found on the Investment information page.


Managed accounts (do it for me)

Discover the many benefits of having a professional design and manage a retirement strategy customized just for you.

family playing outside in yard, dad pushing daughter on swing, mother with daughter on scooter

Take back some of the time spent planning for retirement!

How much more could you enjoy today if you had a retirement strategy to help you reach your retirement goals?

What if that strategy was designed just for you? One step toward that goal may be your plan’s managed account solution.

Login to your retirement dashboard and click the Guidance tab, or call 1-800-922-7772 to speak with an investment adviser representative.

Login to your 401k/457 accounts (Empower)

Empower Retirement Managed Account Service

For a fee based on a percentage of your account value, a managed account may help you achieve the retirement you want and give you back some of the time you would spend planning for retirement.


How it works

  • Builds a portfolio based on your specific goals and adjusts as you get closer to retirement or as you provide additional information when your financial picture changes
  • Provides you access to a team of investment adviser representatives to help answer your questions
  • Builds retirement withdrawal strategies designed to provide steady retirement income

There is no guarantee that participation in any of the advisory services will result in a profit or that the account will outperform a self-managed portfolio invested without assistance.

The measurable impact of professional advice

Income replacement

chart showing 87% and 57%

Individuals who access professional advice are on track to replace 30% more income than do-it-yourself investors.1

Income replacement

social image showing 63% more consistent returns

Less variation in returns for managed account users vs do-it-yourself investors.2

Costs

If you choose to have AAG manage your account for you, the annual Managed Account service fee will be assessed in quarterly installments, based on your account balance, as follows:

Participant account balance Managed account quarterly fee
Less than $100,000 0.1125%
Next $150,000 0.0875%
Next $150,000 0.0625%
Greater than $400,000 0.0375%

In addition, the welcome materials you receive after enrolling will have additional important information on fees.

1 Source: Advised Assets Group, LLC (AAG), Internal Rate of Return (IROR) Study. Defined Contribution Plans Offering Advisory Services, 2016. Consistency of returns for managed accounts measured by comparing the returns of those plans within the 90th percentile and the 10th percentile to returns of those who managed their own accounts.
2 Empower Retirement Lifetime Income Score SM (LIS), 2016.
Empower Retirement Advisory Services available through Advisory Assets Group, LLC (AAG), a registered independent adviser and wholly owned subsidiary of Great-West Life & Annuity Insurance Company (GWL&A). The trademarks, logos, service marks and design elements used are owned by by GWL&A.


 Online advice (help me do it)

This option may be right for you if you want help with choosing your specific investments based on your personal goals and financial situation. It offers fund-specific recommendations for you and allows you to apply those recommendations with a single click.

Support to help validate a strategy you have already developed

How it works

  • Internet-based service that provides fund-specific recommendations to support you as you make your investment decisions.
  • You select and implement your retirement savings strategy.
  • Service provides you with access to investment adviser representatives to answer your questions.

There is no guarantee that participation in any of the advisory services will result in a profit or that the account will outperform a self-managed portfolio invested without assistance.


Costs

Online advice is available at no additional cost to you.

Online advice is part of Empower Retirement Advisory Services offered by Advised Assets Group (AAG), a registered investment adviser. Empower Retirement Advisory Services available through Advised Assets Group, LLC (AAG), a registered adviser and wholly owned subsidiary of Great-West Life & Annuity Insurance Company (GWL&A).

 Online tools and guidance (do it myself)

Do you have the expertise to manage your own account but simply need a push in the right direction? If so, we have additional retirement planning tools and guided support to help you with your decisions.

Resources to help you understand your retirement savings needs and develop your investing strategy

How it works

  • It provides you with internet-based calculators, planning tools and guidance.
  • You create and select the investment options and implement your retirement savings strategy.
  • It provides you with access to investment adviser representatives to answer your questions.

There is no guarantee that participation in any of the advisory services will result in a profit or that the account will outperform a self-managed portfolio invested without assistance.


Costs

Online advice is available at no additional cost to you.

Empower Retirement Advisory Services available through Advised Assets Group, LLC (AAG), a registered investment adviser and wholly owned subsidiary of Great-West Life & Annuity Insurance Company (GWL&A).

 Build your own portfolio

If you prefer, you can build your own portfolio by investing in one or more of your plan’s investment funds.

Your plan's funds offer a mix of different asset classes to help you actively create and manage your investment strategy so your portfolio suits your retirement goals and risk tolerance.

portfolio charts, computer keyboard, and pad with the word diversification underlined

By having a mix of—or diversifying—investments, you may reduce your exposure to market risk.

"Most investment professionals agree that, although it does not guarantee against loss, diversification is the most important component of reaching long-range financial goals while also minimizing risk."
Read more: The Importance of Diversification

Diversification does not ensure a profit and does not protect against loss in declining markets. You can also get help with your fund mix by logging in and using the slider under the Investments section of your plan website.


Self-directed brokerage account

A self-directed brokerage account (SDBA) allows you to select from numerous mutual funds and other types of securities (such as stocks and bonds) outside of the plan’s core investment options for an additional fee. See your plan information regarding specific details concerning the provider and fees for your self-directed brokerage account.

The brokerage option lets you invest in a wide variety of investments beyond those offered under the plan. Investments available through the brokerage option are not selected by the plan fiduciaries, and the use of this option is generally intended for more experienced investors who have the time and knowledge to manage a more sophisticated portfolio.

Is this investment option right for me?

Are you a knowledgeable investor who understands the risks associated with certain investments? If so, you may want to consider an SDBA.

How do I enroll?

To open a self-directed brokerage account, log in and go to the My Accounts tab at the top of the page. Under the Investments section on the left side of the page, choose Brokerage.

Login to your 401k/457 accounts

You acknowledge that none of the available options in the SDBA have been reviewed for suitability by your employer, plan sponsor, SDBA provider or Empower. You are responsible for determining the suitability of the investments offered in the SDBA and agree to fully indemnify and hold harmless your employer, plan sponsor, SDBA provider, Empower and any and all service providers to the plan against any claims, damages or other causes of actions. Before investing, you should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses contain this and other important information, and they may be obtained by contacting your SDBA provider. You should read prospectuses carefully before investing.

Contact Us


Have questions about your retirement account? We're here to help!

(800) 922.7772 (Main line)

(800) 766.4952 (TDD)

TCRS.CustomerSupport@tn.gov

Mailing Address


TCRS
Andrew Jackson Building, 15th Floor
502 Deaderick Street
Nashville, TN  37243-0201

Deferred Compensation Program
Empower Retirement
545 Mainstream Drive, Suite 407
Nashville, TN  37228