San Francisco Bay Area Rapid Transit District Investment Plans Committee
The Investment Plans Committee is pleased to welcome you to your retirement plan’s Web site. Please look around and visit frequently as the information will be updated on a regular basis. If you have any questions or comments please contact your committee member.
Featured Items
Exploring How Much Your Retirement Will Cost-Financial Planning Seminar
The BART Investment Plans Committee (IPC) invites you to attend the How Much Will Retirement Cost workshop provided by William Eagan, ICMA-RC’s Certified Financial Planner™ on Thursday, February 2, 2012, from 12:00-1:00 pm PST. This workshop will help you to answer some very important retirement questions. For example, how much income will I need in retirement? Where will the income come from and how much can I expect? The location of this event will be in the 17th floor Conference Room at 300 Lakeside Drive in Oakland. Please contact the BART Investment Plans Assistant at 510-464-6208 if you have any questions. The BART IPC and ICMA-RC partner together to offer resources to help you plan for a successful retirement. We hope to see you there!
BART Fund Change — Small/Mid Cap Growth Equity Option
The Investment Plans Committee (“the Committee”) announces that effective February 10, 2012, there will be a change in the fund and the fund manager for the Small/Mid Cap Growth Equity Option. The Rainier Small/Mid Cap Equity Portfolio will be replaced with the Century Growth Opportunities Fund, which is managed by Century Capital Management, LLC.
If the Small/Mid Cap Growth Equity Portfolio is not presently part of your investment portfolio, and you do not intend to invest in this Fund, you do not need to do anything. If you are currently contributing (all or a portion of your contributions) to the Small/Mid Cap Growth Equity Portfolio, the contributions received after February 10, 2012 will be invested in the Century Growth Opportunities Fund. You can redirect how your contributions are invested by contacting Investor Services at 800-669-7400 or changing your allocations online by logging into your account prior to February 10, 2012.
If you currently have a balance in the Small/Mid Cap Growth Equity Portfolio, your balance will be invested in the Century Growth Opportunities Fund, effective February 10, 2012. Prior to February 10, 2012 you can transfer any assets in the Small/Mid Cap Growth Equity to another investment offered within the Plan. Please contact ICMA-RC at (800) 669-7400 for information about the Century Growth Opportunities Fund or other options for BART investors.
Stable Value Fund Transition to Galliard
The BART Investment Plans Committee (IPC) regularly monitors the long term performance and investment strategy of all of the funds in the plans that are available to BART participants. A few months ago, Dwight Asset Management (Dwight), the current manager for the Stable Value Fund, informed the IPC of a change in their investment strategy. As a result of this, the Committee determined that a change in fund manager of the Stable Value Fund option for the BART Deferred Compensation Plan and the BART Money Purchase Pension Plan is in the best interests of the participants.
The IPC interviewed four stable value managers and selected Galliard Capital Management (Galliard) as the new BART Plans Stable Value fund manager effective August 5, 2011. Galliard is an independently operated subsidiary of Wells Fargo & Company and is one of the nation’s largest stable value fund managers, with more than $70 Billion in assets under management. For more information about Galliard, please read the New Stable Value Fund Manager publication.
If you would like to know more about the transition and about Galliard, please contact Arne Stokstad at astokst@bart.gov for further assistance, or view the Galliard Transition Q&A Document
