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Edward Jones reviews Tipton utility’s retirement plan; presenter cites ~90% participation, $2.7M in assets and 0.81% total fees
Summary
An Edward Jones representative told the Tipton Utility Service Board the utility’s 457 plan has about 90% participation, roughly $2.7 million in assets, strong one-year returns and total plan costs of about 0.81% annually; the presenter also said the firm is considering moving distribution services to a local TPA.
An Edward Jones representative reviewed the Tipton utility’s retirement plan at the Dec. 1 board meeting, saying the plan has high participation, roughly $2.7 million in assets and competitive fees.
Speaker 4, introduced by the presiding board member, told the board, "We are currently right at about 90% participation rate with utilities voice," and summarized plan metrics and participant behavior. He said the plan "has just a shade over 2,700,000.0 in it," which the board discussion and packet materials show as about $2.7 million in assets. He also cited strong recent returns, saying the one-year rate…
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