Retirement plan investments reviewed
At a glance
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The board reviewed quarterly investment performance for the Supplemental Retirement Plan and found the portfolio remained within its allowed asset allocation ranges while outperforming its custom passive benchmark over 3-, 5-, and 10-year periods.
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What this means
Board members reviewed the city’s supplemental retirement plan investments for the quarter ending June 30, 2025. The portfolio stayed within its approved mix of investments, and the investment consultant reported that it beat the plan’s passive benchmark over the 3-, 5-, and 10-year periods. U.S. Bank reported the portfolio was worth $73.34 million across 14 securities, with a 2.76% overall current yield.
Key decisions
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- Approved the minutes from the May 22, 2025 meeting as written.
- Received and filed BFSG’s Retirement Plan Quarterly Investment Review for the quarter ending June 30, 2025.
- Received and filed U.S. Bank’s Portfolio Review for the period ending June 30, 2025.
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Meeting information
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Supplemental Retirement Plan & Trust Board
Agenda
- ZOOM MEETING ID: 831 9606 8854 Passcode: 451429 Phone: (669) 444-9171
- 1. CALL TO ORDER
- 2. ROLL CALL
- 3. PUBLIC COMMENTS
- 4. APPROVAL OF MEETING MINUTES
- 5. BFSG PORTFOLIO REVIEW
- 6. U.S. BANK PORTFOLIO REVIEW
- 7. ADJOURNMENT TO THE NEXT MEETING
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