The Committee has adopted a formal Investment Policy Statement to guide and document the decisions that must be made to maintain the NSHE Retirement Program and to ensure that the fiduciaries overseeing the Retirement Plan operate in the best interests of participants.
As part of the ongoing monitoring process, the RPAC conducts detailed, periodic reviews of the investment funds available in the Retirement Program (see “Quarterly Performance Reviews and Research Reports” below). To help in the review process, NSHE has retained Aon Hewitt Investment Consulting as an independent adviser on matters related to investments and management of the Retirement Program. Aon Hewitt, which acts as a co-fiduciary, works in concert with our administrative service providers to publish quarterly reports on the performance and fees of the investment funds offered in the Retirement Program. The reports employ a special color coding system that identifies funds that are repeatedly or consistently “On Watch” by the Committee. Click here for guidance on understanding the quarterly watch lists.
Aon Hewitt also provides notices regarding investment funds that fail to meet key monitoring criteria. The RPAC regularly posts these reports (below) to share this information with our participants. You may also wish to review these reports to gain a better understanding of whether one or more of the other investment options available in the Retirement Program may be right for you.
Finally, Aon Hewitt provides an annual review of the investment management and administrative expenses associated with the Retirement Programs’ investment options. Click here to see the 2014 Total Plan Cost Benchmarking report.
Please keep in mind that this notification should not be taken as investment advice. Neither NSHE nor Aon Hewitt is able to provide individual investment advice. Representatives from each of the three administrative service providers (TIAA, Fidelity Investments, and VALIC) are available to provide you with general guidance and education about the Retirement Program and the available investment options. You may also wish to speak with an independent financial advisor.
Quarterly Performance Reviews and Research Reports
2017 Performance Reports
- Annual Legacy Plan Review – 2017 (Fidelity, TIAA, VALIC)
- 4th Quarter – 2017
- 3rd Quarter – 2017
- 2nd Quarter – 2017
- 1st Quarter – 2017
2016 Performance Reports
- Annual Legacy Plan Review – 2016 (Fidelity, TIAA, VALIC)
- 4th Quarter – 2016
- 3rd Quarter – 2016
- 2nd Quarter – 2016
- 1st Quarter – 2016