Investment Detail
Strategy
It provides a guaranteed fixed rate of interest and a guarantee to preserve your participant’s principalFixed Investment Option Features
Minimum rate of return: |
1.00%
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Guaranteed minimum interest rate is good for: |
Interest rate(s) are set quarterly. Credits interest daily.
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Interest rate as of January 1st of Current Year: |
1.75%
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How often the rate can change: |
Interest rate(s) are set quarterly. Credits interest daily.
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Market Value Adjustment: |
Only at when plan canceled the contract at plan deconversion or plan termination
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Restrictions that apply to this fixed account: |
Equity wash
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How often funds can be transferred into fixed
Option from other options within this product:
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Daily
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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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Daily
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Other Features:
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