Quarterly Participant Webinar Plus Preview of Plan Enhancements - - PowerPoint PPT Presentation

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Quarterly Participant Webinar Plus Preview of Plan Enhancements - - PowerPoint PPT Presentation

Dec 07, 2023 123 likes •297 views

WELCOME Quarterly Participant Webinar Plus Preview of Plan Enhancements AUGUST 08, 2017 WHAT WELL COVER TODAY Opening Remarks: Len Teitelbaum How Our Plan and the Markets Performed: David Baskin Preview of Plan Enhancements Extended

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Quarterly Participant Webinar

Plus Preview of Plan Enhancements

AUGUST 08, 2017

WELCOME

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SLIDE 2

WHAT WE’LL COVER TODAY

Opening Remarks: Len Teitelbaum How Our Plan and the Markets Performed: David Baskin Preview of Plan Enhancements Extended Q&A

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SLIDE 3

MARKET & PLAN PERFORMANCE UPDATE

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SLIDE 4

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2017 Q2 Key Themes

  • Global Stocks Continue to Perform Well

– Best first half since 2003 – International markets continue to lead – Growth stocks outperform

  • Energy Declines Continue

– US oil production increases – Slow decline in inventories – Energy stocks and MLP weakness

  • Continued Uncertainty Towards Trump Policy Implementation

– Weaker US dollar – Relative US equity underperformance

  • Looking Forward

– The market has priced in a low volatility environment for the foreseeable future

  • Past performance not indicative of future results
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SLIDE 5

Source: Bloomberg

Asset Class Performance Comparison

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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YTD

Description

MLP 47.9% MLP 44.4% Core Bonds 10.3% EM 55.8% REITs 31.5% EM 34.0% REITs 35.9% EM 39.4% Core Bonds 5.2% EM 78.5% MLP 35.9% MLP 13.9% EM 18.2% US Equities 33.6% REITs 30.4% REITs 2.5% MLP 18.3% EM 18.4%

Emerging Market Stock Index

REITs 26.8% REITs 12.8% REITs 3.6% MLP 41.6% EM 25.6% EAFE 13.5% EM 32.2% MLP 12.4% High Yield

  • 26.2%

MLP 76.4% REITs 28.5% REITs 8.7% REITs 17.8% MLP 27.6% US Equities 12.6% Core Bonds 0.5% High Yield 17.1% EAFE 13.8%

Developed Market International Stock Index

Core Bonds 11.6% Core Bonds 8.4% MLP 0.2% EAFE 38.6% EAFE 20.2% REITs 12.1% MLP 27.6% EAFE 11.2% MLP

  • 36.8%

High Yield 58.2% EM 18.9% Core Bonds 7.8% EAFE 17.3% EAFE 22.8% Core Bonds 6.0% US Equities 0.5% US Equities 12.7% US Equities 8.9%

US Large and Small Stock Index

High Yield

  • 5.9%

High Yield 5.3% High Yield

  • 1.4%

REITs 36.8% MLP 15.9% US Equities 6.1% EAFE 26.3% Core Bonds 7.0% US Equities

  • 37.3%

EAFE 31.8% US Equities 16.9% High Yield 5.0% US Equities 16.4% High Yield 7.4% MLP 4.8% EAFE

  • 0.8%

EM 11.2% High Yield 4.9%

Master Limited Partnerships (Pipelines) Index

US Equities

  • 7.5%

EM

  • 2.6%

EM

  • 6.2%

US Equities 31.1% US Equities 11.9% MLP 5.2% US Equities 15.7% US Equities 5.1% REITs

  • 38.0%

REITs 28.6% High Yield 15.1% US Equities 1.0% High Yield 15.8% REITs 2.5% High Yield 2.5% High Yield

  • 4.5%

REITs 8.6% REITs 2.7%

High Yield Bonds (Non-Investment Grade Bonds) Index

EAFE

  • 14.2%

US Equities

  • 11.5%

EAFE

  • 15.9%

High Yield 29.0% High Yield 11.1% High Yield 2.7% High Yield 11.9% High Yield 1.9% EAFE

  • 43.4%

US Equities 28.3% EAFE 7.8% EAFE

  • 12.1%

MLP 4.8% Core Bonds

  • 2.0%

EM

  • 2.2%

EM

  • 14.9%

Core Bonds 2.7% Core Bonds 2.3%

Real Estate Investment Trust Index

EM

  • 30.8%

EAFE

  • 21.4%

US Equities

  • 21.5%

Core Bonds 4.1% Core Bonds 4.3% Core Bonds 2.4% Core Bonds 4.3% REITs

  • 16.8%

EM

  • 53.3%

Core Bonds 5.9% Core Bonds 6.5% EM

  • 18.4%

Core Bonds 4.2% EM

  • 2.6%

EAFE

  • 4.9%

MLP

  • 32.6%

EAFE 1.0% MLP

  • 2.7%

Diversified US Investment Grade Bond Index

Best Performing Worst Performing

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RPB Trailing 12-Month Tier I Investment Returns*

July 1, 2016 through June 30, 2017

*As of June 30, 2017, net of investment management fee.

**Barclays Global Aggregate January 1, 2013 through September 30, 2016, Barclays US Aggregate thereafter.

18.62% 19.01% 11.84% 11.09% 2.32% 0.04% 1.16% 0.33% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00%

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Trailing 12-Month Volatility – Lower is Less Risky

July 1, 2016 through June 30, 2017

*Barclays Global Aggregate January 1, 2013 through September 30, 2016, Barclays US Aggregate thereafter.

4.63% 5.22% 3.34% 3.87% 1.74% 3.00% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%

Capital Appreciation Fund MSCI ACWI IMI Appreciation & Income Fund 60% MSCI ACWI IMI/40% Fixed Income Composite* Income Focused Fund Fixed Income Composite*

Standard Deviation

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RPB Year-to-Date Tier II Investment Returns*

January 1, 2017 through June 30, 2017

*As of June 30, 2017, net of investment management fee.

9.33% 9.34% 5.76% 5.75% 14.71% 14.13% 14.69%14.35% 2.60% 2.66% 2.40% 2.27% 3.67% 3.66% 0.16% 0.20% 1.09% 1.14%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00%

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RPB RETIREMENT PLAN EXCITING ENHANCEMENTS COMING

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Upcoming Plan changes designed to give you:

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  • More flexibility with tax planning
  • Expanded access to your 403(b) money
  • Investing aligned with Jewish values
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ROTH 403(b) – Estimated Q1 2018

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HOW IT WORKS

  • Make after-tax contributions to your retirement account
  • No income restrictions
  • Employee contributions and earnings distributed tax-free,

including to beneficiaries

IS THIS FOR ME?

  • Just starting out
  • 5+ years until retirement to accumulate tax-free savings
  • Tax bracket will stay the same or be higher when you retire
  • Ineligible for Roth IRA due to income limits
  • It’s all about tax planning!

ROTH 403 (b):

Contribution limits apply. Distributions at 59 ½ or

  • lder and account held at

least 5 years.

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LOANS – Estimated Q1 2018

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HOW IT WORKS

  • Borrow money from your 403(b) accounts
  • $1,000 - $50,000
  • Repay principal and interest to yourself
  • Attractive rates
  • Loan proceeds not taxed unless default

IS THIS FOR ME?

  • Short-term financial need – no other low interest options
  • Down payment on a house (primary residence or other)
  • Help pay off high interest debt
  • Avoid 403(b) hardship withdrawal and tax penalty if under 59 ½
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Jewish Values Investing - Background

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  • Phased Implementation of JVI

– Manager Selection and Evaluation: RPB JVI questionnaire – Investment Screens: Eliminated tobacco and businesses operating in Sudan – Shareholder Activism: Vote proxies for 20% of total Tier 1 portfolio – Community Development: Invest 1.8% of assets in community development agency bonds that support US small businesses and affordable housing – Israel: Invest in Israeli bonds

  • Next Phase

– Reform Jewish Values Investing Fund

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Reform Jewish Values Investing Fund: Est. Q1 2018

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  • New equity fund constructed using Reform

Movement values

  • Investments selected based on:

– Criteria defined in URJ/CCAR platforms and resolutions – Encompasses Environmental, Social, Governance, and Israel issues

  • Separately Managed Account (SMA) that

tracks a selected benchmark

  • Cost-competitive fees with commercially

available ESG funds Reform Jewish Values Investing Fund:

ESG &I URJ / CCAR platforms & resolutions

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PARTICIPANT Q&A

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THANK YOU TODAH RABBAH

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