Provider Options
Use the chart below to compare each ORPHE provider’s available services and plan features.
 |Voya Financial |
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| Services | DCP offers an economically priced fee structure with diversified investments to help public sector employees build retirement security. Investments are organized into three pathways, making it easier to implement your strategy. Count on the support of a local team of DCP Retirement Specialists focused on helping you meet your goals. Manage your account 24/7 with a suite of online and mobile-friendly tools and resources. | TIAA is here to help you achieve a lifetime of financial well-being. TIAA ranks #1 in assets among all financial firms serving higher education. As a full service financial organization, TIAA has local, dedicated financial consultants in Virginia to help you reach your short and long-term goals. TIAA annuities are managed at cost – we do not make a profit. |
| Investment Performance | View Now | View Now |
| Plan Administrative Fees1 | $35.50 flat fee annually
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The record-keeping fee is $35.50/year, approximately $2.96/month, deducted from your account on a monthly basis. If you participate in multiple VRS defined contribution plans, only one annual fee of $35.50 will be charged. Additional fees may apply to the self-directed brokerage account or optional managed services. |
$28.00 flat fee annually
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A record-keeping/plan administration fee of $7.00 will be deducted from your account on a quarterly basis ($28.00/year). The record-keeping/plan administration fee is prorated and may be reduced by revenue credits applied to certain investment options in the Plan. If your account balance is less than $25 on the date a quarterly fee is to be assessed, no fee will be charged. Additional fees may be associated with the self-directed brokerage account and other non-investment related expenses embedded in the proprietary annuity account options in both the active and legacy/inactive plan. |
| Range of fees1 | 0.01% - 0.62% annualized | 0.01% - 0.77% annualizedSome funds may include investment and administrative expenses. |
| Number of Investments Available Target date fund series are treated as one option | 12 | 11 |
| Default Investment Option | Target Date Funds | Target Date Funds |
| Self-Directed Brokerage Account | ||
| Annuities Available as a Plan Distribution Option | ||
| Dedicated Plan Representatives Investment advice is not an authorized service for the ORPHE plan. |
Learn More |
- See Performance & Fees for additional information. All provider fees subject to change.
NoteIf you are a new faculty member at The College of William and Mary, including the Virginia Institute of Marine Science; George Mason University; University of Virginia; Virginia Commonwealth University and Virginia Tech, these institutions have opted out of the VRS-administered optional retirement plan (ORP) and offer an employer-administered ORP plan. Faculty members at these institutions do not have access to the compare and select plan features in myVRS nor the provider options and services indicated on this website.
