Retirement Plan update from Abacus

Retirement Plan update from Abacus

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
    1. before any fees     9.44%
    2.  after Investment fees    9.20%
    3. After all fees    8.46%
  •  One year portfolio performance – 12/31/12 – 12/31/13
    1. before any fees    11.86%
    2. after investment fees     11.52%
    3. After all fees  10.15%
  • Five year portfolio performance – 12/31/08 – 12/31/13
    1. before any fees   67.88%
    2. after investment fees    63.02%
    3. 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.

CLICK HERE to watch the recorded webinar

Charles Flowers
[email protected] 
 
Abacus Planning Group, Inc.
smart financial decisions 
2500 Devine Street 
Columbia, South Carolina 29205-2400
803.933.0054
803.753.9476 F 

abacusplanninggroup.com

No Comments

Post A Comment