The 403(b) Plan has over 20 different investment options for you to choose from. You can personally select your investment funds through your Principal account or choose to allow investments to be selected for you. If you currently contribute, but have not elected an investment direction, contributions will be directed to a Principal Target-Date Fund based on your current age and the normal retirement date as stated in the Plan, unless you direct otherwise.
Principal Target-Date Funds are the default investment option for 403(b) Plan. These funds are managed by Principal with risk and diversity based on your expected retirement date.