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3. Please identify the number and types of investment funds you would make available
to us.
Please see the detailed investment line-up in the CBIZ section of this RFP response
4. For each investment fund being considered for our plan, provide the annualized
return for the 1, 3, 5 and 10 year (or since inception) periods ending on the last
calendar quarter. Additionally, provide the aggregate fees and expenses associated
with using each fund (e.g., expense ratio) as well as ticker symbol for retail funds.
Provide this information on Exhibit A.
Please see the detailed investment line-up in the CBIZ section of this RFP response
5. Do you offer funds that are eligible to be Qualified Default Investment Alternatives
(QDIAs), such as life-cycle or target retirement date funds, balanced funds or
professionally managed accounts? If so, please provide additional information.
Yes, target-date maturity funds, lifestyle funds, balanced funds, and managed accounts are
all available as QDIAs on VALIC’s recordkeeping system. VALIC has the ability to default
participants based on their years of birth to target-date maturity funds which are considered
the CSD-RT’s QDIA option
6. For the stable value investment or other fixed investment with guaranteed interest,
describe the current and minimum interest rate guarantees, how interest is credited,
and the frequency of rate changes. Furthermore, provide the make-up of the
underlying portfolio including asset type, grade and percentage breakdown.
Please see the detailed investment line-up in the CBIZ section of this RFP response
7. Does your organization offer a self-directed mutual fund window that qualifies under
403(b)(7) as a potential investment option? Describe the services associated with the
administration of these accounts. Please specifically identify any costs associated
with these services in the Fees and Expenses portion of your response.
Yes, this option is available to participating districts in the CSD-Retirement Trust. To provide
an additional investment option for those who wish to take a more active approach to
managing their investments, VALIC is offering a self-directed brokerage account through
Charles Schwab (the Personal Choice Retirement Account, or PCRA). Our self-directed
brokerage account features access to approximately 3,200 publicly traded mutual funds
from more than 340 of the nation's most respected fund companies and a money market
fund. Approximately 1,800 of the funds offered are no load, no charge funds. A participant
must maintain an account balance of $5,000 in the plan’s core investment options with
VALIC and can allocate up to 90% of their remaining assets to the PCRA account.
VALIC assesses a $50 annual account maintenance fee to each PCRA investor. There are
no transfer rules imposed by VALIC to PCRA our SDBA product offering. There may be
minimums to trade to and from certain funds imposed by Schwab.