In The News

Retirement Plan update from Abacus

February 27, 2014

Abacus Planning Group hosted a webinar on the SCSFA retirement plan for all participants. A detailed report from Abacus can be found HERE in PDF format. The presentation included the following information: December 31, 2013 quick facts:

10,011 participants
During 2013 there were $2,117,630 in withdrawals for 392 participants
During 2013 there were $4,673,960 in deposits from 103 departments
The retirement account is worth $48,669,819.28 as of December 31, 2013

The retirement plan has had strong performance for the six month, one year, and five year period ending December 31, 2013.

Six month portfolio performance - 6/30/13 - 12/31/13

before any fees 9.44%
after Investment fees 9.20%
After all fees 8.46%

One year portfolio performance - 12/31/12 - 12/31/13

before any fees 11.86%
after investment fees 11.52%
After all fees 10.15%

Five year portfolio performance - 12/31/08 - 12/31/13

before any fees 67.88%
after investment fees 63.02%
After all fees 54.59%

If you would like a team member from Abacus Planning Group to come talk to your department about the retirement plan please give them a call at 803.933.0054.