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City engineer urges Vanguard ETF and in‑plan Roth conversions; board says requests will be evaluated
Summary
Kamran Mokhtari, a City civil engineer, urged the board to add Vanguard Information Technology ETF (VGT) to the 457 lineup and to permit in‑plan Roth conversions; board members and advisers said they have heard these requests and will evaluate options with Voya and ACG.
Kamran Mokhtari, a civil engineer with the City of Oklahoma City, used the board‑comments period to urge low‑cost investment options and more in‑plan flexibility for participants. Mokhtari said he welcomed the transition to Voya and the new Roth option and requested two specific changes: add the Vanguard Information Technology ETF (VGT) as an investment option to provide a lower‑fee alternative…
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