Agenda item details

Review, Discussion and Consideration of the Texa$aver 401(k)/457 Program Updates -(BOARD ACTION)

Number:
4/2021
Department:
Group Benefits
Description:
Review, Discussion and Consideration of the Texa$aver 401(k)/457 Program Updates - (BOARD ACTION)
• Texa$aver 401(k)/457 Program Performance Review for Calendar Year 2020
• Texa$aver Product Review Committee Recommendation - (BOARD ACTION)
• Texa$aver Program Participant Rate Restructure Proposal - (BOARD ACTION)
Attachments
Name Download Ext. Filesize
Exhibit A-Texa$aver Fund Analysis, Calendar Year 2020 pdf 769 kB
Exhibit B - Texa$aver Fund Performance, Calendar Year 2020 pdf 188 kB
Exhibit C – Sector and Asset Class Returns, Calendar Year 2020 pdf 157 kB
Exhibit D – Thomas Nun bio pdf 550 kB
Slides - Texa$aver Program Updates pdf 1017 kB
Recommendation:
Move that the Board of Trustees of the Employees Retirement System approve the addition of the Fidelity International Index (FSPSX) Fund to the Texa$aver 401(k)/457 Program.
Further move that the Board of Trustees of the Employees Retirement System approve the fee proposal of a flat $1.50 monthly rate per participant, per account regardless of account balance for the Texa$aver 401(k)/457 Program as presented in this agenda item to be effective as soon as administratively possible, but no later than June 1, 2021.
Agenda item