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Defined-contribution investments reviewed; committee told no changes recommended now
Summary
Tyler presented the retirement plan’s defined-contribution menu, said most participants use target-date funds, noted T. Rowe Price’s glide path and long-term performance, and said private equity or crypto are not recommended for the plan at this time.
Tyler reviewed the town’s defined-contribution (DC) plan investment menu, including target-date funds, active and passive bond and equity options, and capital-preservation vehicles.
He told the committee the default option is the target-date suite and that utilization data show the majority of participants in target-date funds. Tyler said the…
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