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⌃ Agenda ⌃ S C f South Carolina Firefighter’s Retirement Plan Introduction and overview Plan performance and fees Plan options T l d d A i Toledano and Associates Questions and answers
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South Carolina Firefighters Association Retirement Plan Agenda S - - PowerPoint PPT Presentation
South Carolina Firefighters Association Retirement Plan Agenda S - - PowerPoint PPT Presentation
South Carolina Firefighters Association Retirement Plan Agenda S South Carolina Firefighters Retirement Plan C f Introduction and overview Plan performance and fees Plan options T l d Toledano and Associates d A i
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⌃ South Carolina State Firefighter’s Association | plan sponsor Advisors and partners ⌃ Charles Schwab and Company, Inc. | custodian Toledano and Associates | third party administrators
| Ned Toledano | Ned Toledano | Melissa Biles | Kim Burdette | contact information phone 864.235.4411
Abacus Planning Group, Inc. | registered investment advisor
| Cheryl R Holland | Charles Flowers | Eddie Kramer | Eddie Kramer | Bethany M Griffith | contact information phone 803.933.0054
Nexsen Pruet, LLC | ERISA attorney Nexsen Pruet, LLC | ERISA attorney
| Joel Stoudenmire | Sue Odom
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⌃ Trustees ⌃ | Jonathan Jones | Will Vaigneur | Raymond Lloyd | Jerry Williams | Will Vaigneur | Tommy Norris | Jerry Williams | Les Williamson | Skip Harmon | | Brantley Hanna | Kyle Minick
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f ⌃ Quick facts ⌃
10 011 participants 10,011 participants 392 withdrawals in 2013 = $2,117,630 103 deposits in 2013 = $4,673,960 Portfolio value 12/31/13 = $48,669,819.28 / / $ , , Portfolio value 5/31/14 = $50,469,699.41 Moderate Growth return 2014 year to date 2.98%
12/31/13 – 5/31/14
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Moderate Growth return since last conference 11.92%
6/30/13 – 5/31/14
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Fees ⌃
Advisor Fee as % of total plan assets Fee Fees for a $1,000 investment
Fees ⌃ December 31, 2012 – December 31, 2013
plan assets investment Abacus Planning Group 0.30% $135,600 $3.00 Trading fees 0.01% $3,045.00 $0.10 $ $ Underlying mutual fund managers 0.38% $186,487.20 $3.80 Nexsen Pruet 0.01% $4,374.95 $0.10 Toledano and Associates 1.07% $481,012.85 $10.70 Total fees 1.70% $810,520.00 $17.70
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Source | Portfolio Center
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⌃ Moderate growth portfolio performance detail ⌃
2013
Return Return Previous Three Years 12/30/2010 – 12/31/2013 Previous Five Years 12/31/2008 – 12/31/2013
Before any fees (gross) 11.87% 19.75% 63.03% After investment fees 11.52% 18.50% 60.06% After investment fees 11.52% 18.50%
(1.25%) reduction
60.06%
(2.97%) reduction
After administrative and legal fees 10.15% 14.29%
(4.21%) reduction
54.59%
(5.47%) reduction Source | Portfolio Center
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Portfolio Performance ⌃
Portfolio Option 2013 Previous Three Years Previous Five Years
Portfolio Performance ⌃ December 31, 2013
12/30/2010 – 12/31/2013 12/31/2008 – 12/31/2013
Conservative Growth 6.66% 12.45% N/A – Funded 1/14/11 Moderate Growth 1015% 14 29% 54 59% Moderate Growth 10.15% 14.29% 54.59% Growth 12.53% 14.64% 83.04%
Portfolio Option Portfolio value p 12/31/2013
Conservative Growth $2,596,805.48 Moderate Growth $43,611,525.14 Growth $32,415.68 5 Years till retirement* $13,986.70
f f f f f * Individual firefighters who are five years from retirement can choose to move their funds to a money market account Source | Portfolio Center
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Target asset allocation ⌃ Target asset allocation ⌃
Moderate growth portfolio
US Large 15.0% Bonds 30.0% US Small 8.0% International Large g 11.0% Hedging Strategies 10 0% International Small 6.0% Emerging Markets 8.0% Inflation Hedging 12.0% 10.0%
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f f f ⌃ Benefits of diversification ⌃
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Source | Thomson Reuters Investment View
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f ⌃ Model Portfolios ⌃
Conservative Growth
50% conservative oriented investments. 50% growth oriented investments. Projected return 5.25% Range (20%) – 24% Dollar range for a $5,000 investment: ($1,000) - $1,200 g ( )
Moderate Growth Portfolio
30% conservative oriented investments. 70% growth oriented investments. Projected return 6.75% Range (26%) – 32% Dollar range for a $5,000 investment: ($1,300) - $1,600
Growth Portfolio Growth Portfolio
20% conservative oriented investments. 80% growth oriented investments. Projected return 7.25% Range (31%) 38% Range (31%) – 38% Dollar range for a $5,000 investment ($1,550) - $1,900
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⌃ Communication program ⌃
Semi-annual webinar – July 29; 1:00 pm Chief’s survey S i l l tt Semi-annual newsletter Department visits Website updates Convention booth Convention booth We are always open for suggestions on how we can better communicate with participants
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communicate with participants
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f ⌃ Benefits that resonate ⌃ We at Abacus feel truly honored to have the
- pportunity of working with the South Carolina
Firefighters’ Association, the Trustees and the participants and look forward to continuing to serve each of you.
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