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Steve M

Which is better for my district's new 457B - Fidelity or the Oregon Saving and Growth Plan (OSGP)

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I just found out my district is adding the 457B option I asked for. They said their plans are to just go with our current 403B vendors (we have 11, two of which are Fidelity and Vanguard). Anybody know if the Oregon Savings and Growth Plan (OSGP) is better than Fidelity? Are most state plans better than Fidelity's 403B offerings? I'm trying to figure out whether I should lobby my district to add OSGP, or if Fidelity will be just as good.

Thanks!

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OR state 457b plan:    https://my.voya.com/einfo/fundinfo.aspx?page=investment_informationfundperformance&cl=oregon&pl=350001PU&domain=osgp.voya.com

The Fidelity 457b is incredibly low-cost, assuming you use their index funds. (Their fees are probably so low because they hope you will use some of their expensive funds?)

Their funds and fees are the same for their 403b and their 457b. The only administration fee is $24/yr.  https://www.403bcompare.com/products/68#/investmentoptions

The OR state 457b has an admin fee of 0.17%. That’s certainly not prohibitive, but I don't think anybody beats Fidelity’s 457b fees. The OSGP fund’s expense ratios vary from very low cost to modest. https://www.oregon.gov/pers/OSGP/Documents/Fee-Structure.pdf

I don’t know of a reason for working to add the OR state 457b to your district's list.

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