Vanguard 403(b) program—low costs for retirement savings
Vanguard 403(b) program
*Vanguard average expense ratio: 0.19%. Industry average expense ratio: 1.08%. Sources: Vanguard and Lipper, a Thomson Reuters Company, as of December 31, 2013.
Past performance is no guarantee of future results.
Diversification does not ensure a profit or protect against a loss in a declining market.
We charge a low annual $15 custodial account fee per fund to help offset the additional expenses incurred by 403(b) accounts. This fee is waived for Voyager® and Flagship Services® clients.
When taking withdrawals from an employer-sponsored retirement plan before age 59½, you may have to pay ordinary income tax plus a 10% federal penalty tax.
Investment management services provided by Vanguard to the Vanguard funds and ETFs are at cost.