Best of America ® Retirement Advisor (SM) Fixed Contract
Product:
Bright Star Schools 403(b) Plan
Investment Detail
Strategy
A group annuity contract issued by Nationwide Life Insurance Company that offers a fixed annual interest rate.Fixed Investment Option Features
Minimum rate of return: |
0.72%
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Guaranteed minimum interest rate is good for: |
7/1/20 - 06/30/21
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Interest rate as of January 1st of Current Year: |
1.72%
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How often the rate can change: |
Annually
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Market Value Adjustment: |
Market Value Adjustments and/or fees may apply depending on the fixed contract provisions and/or trading policies of the variable funds the assets are exchanged into or out of.
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Restrictions that apply to this fixed account: |
Exchanges out of the contract are limited to 20% of the plan’s contract value within a rolling 12-month period. If the fund is liquidating, there is a 30 day wait, the Market Value Adjustment (MVA) applies to the Fixed assets or the assets can be paid out in 20% installments over 5 years
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How often funds can be transferred into fixed
Option from other options within this product:
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Dependant upon the provisions and/or trading policies of the investments exchanged into or out of.
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How often funds can be transferred out of this
fixed option into other options within this product:
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Dependant upon the provisions and/or trading policies of the investments exchanged into or out of.
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Other Features:
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