Under the "Bond" catagory, Greensboro's participants are currently invested in
VT PIMCO Total Return Intermediate-Term Bond - Expense Ratio = 0.71%
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Under the "Bond" catagory, Greensboro's participants could be invested in the following funds Winston Salem already offers;
Vanguard Short-Term Inv-Grade Short-Term Bond - Expense Ratio 0.10% + 0.34% = 0.44%
Vanguard Intermed-Term Inv-Grd Corporate Bond - Expense Ratio 0.10% + 0.34% = 0.44%
For every $100,000 invested in the PIMCO fund in Greensboro's plan, each participant is paying another $270 (0.71% - 0.44% = 0.27%) for no reason other than Jim Westmoreland and Mary Vigue refused to negotiate lower fees, to the detriment of City employees.
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Greensboro ICMA-RC 457 plan fund alternatives which City management refuses to look into
http://hartzman.blogspot.com/2014/11/greensboro-icma-rc-457-plan-fund.html
401k, 457, 403b's and the Federal Government's Thrift Savings Plan
http://hartzman.blogspot.com/2014/11/401k-457-403bs-and-federal-governments.html
