Sutter Health 403(b) Savings Plan
Target date option Fidelity Freedom Blend series
Plan data 2021 (Filed 10/03/2022)
Fund data Dec 2024
Environment
scorecard
Fossil fuels
Poor
Fossil fuel finance
Poor
Fossil fuel insurance
Poor
Deforestation
Fair
Social
scorecard
Gender equality
Fair
Civilian firearms
Poor
Prison industrial complex
Poor
Military weapons
Poor
Tobacco
Fair
Share these results
Share these results with your employer, coworkers, or social network.
70% of plan assets are invested in the target date option.
Target date option: Fidelity Freedom Blend series
Most employer-offered retirement plans have what's called a target date option, broadly diversified investments that offer different "target dates" for investors in different age brackets. These target date funds mostly invest in index funds that are not sustainably invested. If a retirement plan has automatic enrollment, the target date series is usually the default investment option, also known as the Qualified Default Investment Alternative. When you sign up for the plan, your savings are put in a default investment, and most plan participants never switch. Even if plans don't have automatic enrollment, a target date series frequently serves as the de facto default, capturing more assets than any other plan options. For the overall plan scorecard above, we use the 2050 target date as the representative of the fund series.
This retirement plan has millions of dollars invested in fossil fuels, deforestation-risk agribusiness, and arms manufacturers.
The figures in this chart and the tables below are calculated by cross-referencing annual data on plan investments for 2021 (using Form 5500 data filed 10/03/2022) and monthly data on mutual fund holdings from Dec 2024. The results represent a best-faith effort to measure plan participant exposure to various environmental and social risk screens using the most recent data available. The actual amount invested by the plan may be higher today as employees have made further contributions since 2021. These results represent stock investments within the plan's target date and equity funds, and do not capture any risky investments in other fund types or through a self-directed option. The results also do not include any risky investments in target date options or equity fund options if those options are closed-end funds where we lack access to holdings, or collective trusts that we were unable to match to a suitable mutual fund as a stand-in. For more information, read our full methodology here.
Access to sustainable funds
Only 1 / 32 plan options report a sustainability mandate.
0.94% of plan assets are invested in sustainable options.
While many people stick with the target date option, 401(k)s and other employer-offered retirement plans usually have a line-up of additional investment options. Some of these investment options may be marketed as "sustainable", "socially responsible", or "ESG" (short for environment, social, and governance). Sustainable funds often seek to avoid investments in high-carbon companies and other environmentally and socially risky industries. But it's important to make sure sustainable funds are actually meeting your standards. The scorecard for any plan options marketed as sustainable can be seen below.
Want more sustainable options in your 401(k) plan?
Learn how to work with your employer to ensure your retirement plan is sustainably invested.
Self-directed option
This plan has no self-directed option.
A self-directed option (also called a "brokerage window") can provide plans more access to sustainable funds. Without one, plan participants are restricted to the plan options approved by the plan administrator, usually between 20 and 30 funds, and usually not including many (if any) sustainable funds. We found no evidence this plan includes a self-directed option.
We offer sustainable investment tools that highlight issues dealing with climate change, gender equality and more
Invest Your Values is funded by contributions to As You Sow, a non-profit 501(c)3.
Invest Your Values is a project by As You Sow, a 501(c)3 nonprofit empowering shareholders to change corporations for good
© Copyright 2024 As You Sow. All rights reserved.
Main Post Office, PO Box 751, Berkeley, CA 94701
Main Post Office, PO Box 751, Berkeley, CA 94701
Connect with As You Sow
Disclaimer: As You Sow is not an investment adviser
As You Sow is not an investment adviser as that term is defined under federal and state (California) laws and regulations. As You Sow is a tax-exempt, nonprofit organization dedicated to educating and empowering shareholders to change corporations for the good through the collection, analysis and dissemination of relevant information to the public, free of charge. As You Sow does not provide financial planning, legal or tax advice. Nothing on this website shall constitute or be construed as an offering of financial instruments, or as investment advice or investment recommendations.
See our full disclaimer
See our full disclaimer