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Votes at a glance: SOAR board approves short-duration fixed-income purchase and routine reports
Summary
At the March 27 SOAR meeting the board approved a rebalancing to buy the Lord Abbett Short Duration Income Fund using money from the Allspring Government Money Market Fund and cash held outside principal, and approved routine plan-administrator payments; several procedural items were also approved by voice vote.
The St. Mary’s County Sheriff’s Office Retirement Plan (SOAR) board recorded several procedural and investment votes on March 27, 2025. Key outcomes: the board approved a rebalancing that moves cash into a short‑duration fixed‑income fund and approved the plan administrator’s expense payments for the quarter.
Votes at a glance
- Rebalance: Move $250,000 from the Allspring Government Money Market Fund and $150,000 from cash held outside principal into the Lord Abbett Short Duration Income Fund. Motion moved by John Walters (citizen member); seconded by a…
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