Author Archive

May 2006

Sunday, May 21st, 2006
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
01 211.19 439.57 366.97 320.02 367.89 467.10 273.83 333.66 355.69
02 211.22 442.81 369.08 320.98 372.04 470.18 274.63 335.17 357.73
03 211.25 441.07 367.73 319.93 371.22 470.78 274.20 334.59 357.11
04 211.28 441.92 369.26 321.98 374.25 473.91 274.58 335.81 358.76
05 211.37 446.79 373.29 326.16 378.09 477.49 275.95 338.32 361.82
08 211.39 446.50 373.09 326.48 380.12 477.81 275.91 338.59 362.23
09 211.42 448.07 373.09 326.68 381.90 476.93 276.12 338.96 362.65
10 211.45 449.00 372.32 326.20 381.84 474.76 276.14 338.74 362.27
11 211.48 444.14 367.33 320.66 379.96 465.56 274.82 335.77 358.37
12 211.57 436.88 362.92 315.42 374.15 457.77 273.33 332.33 353.99
15 211.60 433.13 363.30 314.38 365.28 455.05 272.95 330.58 351.76
16 211.63 432.83 362.91 313.43 363.76 454.76 272.88 330.15 351.26
17 211.66 424.27 356.78 307.52 355.73 449.03 270.93 326.08 346.34
18 211.69 420.67 354.28 304.36 352.15 446.19 270.14 324.22 344.08
19 211.77 421.18 355.81 306.25 351.45 447.84 270.50 324.88 344.86
22 211.80 417.77 353.89 302.90 341.36 443.94 269.81 322.25 341.60
23 211.83 418.05 352.35 302.22 345.68 441.51 269.64 322.32 341.55
24 211.86 416.55 352.74 301.13 341.67 441.56 269.53 321.57 340.69
25 211.89 422.50 357.14 306.00 345.64 448.80 270.95 324.61 344.54
26 212.01 426.25 359.24 308.40 351.02 451.15 271.82 326.56 346.86
29 Market Closed – Holiday
30 212.04 419.47 353.30 302.56 346.84 442.02 270.12 322.93 342.23
31 212.07 424.18 356.75 306.12 347.67 446.99 271.24 324.97 344.78
May Fund Performance (in percentages)
0.43% -3.37% -3.19% -4.90% -5.26% -4.64% -1.00% -2.73% -3.20%

2006 April

Friday, April 28th, 2006
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 6.85% 4.37% 16.15% 12.90% n/a
             
Stable
Value Option
1.68%          
Wellington
Core
-0.75%          
PRIMCO
GIC
1.64%          
Cash 0.91%          
BGI
– Money Market Index
1.52%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
0.74%          
             
Equity
Index Option (BGI – US Equity Index)
    6.41%      
             
Benchmark            
Russell
3000
    6.46%      
             
Value
Stock Option
  8.95%        
Morgan
Value (separately managed)
  6.80%        
CGM Focus   20.17%        
Goldman Sachs Mid Value Instl.   7.04%        
Neuberger
Berman Regency
  7.76%        
T.
Rowe Price Value
  8.30%        
BGI
– Value Index
  8.62%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  8.63%        
             
Growth
Stock Option
    5.54%      
Turner
Mid Cap Growth
    12.68%      
TCW
Galileo Select Equities I
    -1.72%      
Marsico
Focus
    4.06%      
Wellington
Mid Cap Opportunities
    9.35%      
BGI
– Growth Index
    3.06%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    2.95%      
             
International
Stock Option
      16.87%    
Amer
Cent-20th Cent. Int’l Discovery
      23.33%    
Amer
Cent-20th Cent. Int’l Growth
      14.47%    
Templeton
Instl. Foreign
      12.37%    
First
Eagle Overseas I
      14.35%    
Oppenheimer Intl Sm Co A       28.18%    
Thornburg Intl Value R5       15.11%    
Marsico Intl Opp       14.50%    
Dimensional Emerging Markets Value       23.61%    
Longleaf
Partners Intl.
      7.32%    
BGI
Eafe Index
      14.57%    
             
Benchmark            
MSCI
EAFE Net Divs
      14.62%    
             
Diversified
Small Company Stock Option
        10.66%  
Royce
Opportunity
        18.23%  
Dimensional
U.S. Micro Cap Portfolio
        13.92%  
Janus
Small Cap Value Instl.
        5.73%  
Third Avenue Sm Cap Instl.         7.04%  
Century Sm Cap Select Instl.         8.46%  
Legg Mason Opportunity         8.64%  
BGI
– Small Company Index
        13.85%  
             
Benchmark            
Russell
2000 Total
        13.92%  
             
Conservative
Model Portfolio
          4.20%
             
Benchmark            
Conservative
Composite Index
          3.46%
             
Moderate
Model Portfolio
          6.72%
             
Benchmark            
Moderate
Composite Index
          5.82%
             
Aggressive
Model Portfolio
          8.34%
             
Benchmark            
Aggressive
Composite Index
          7.83%

April 2006

Friday, April 21st, 2006
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
03 210.38 428.53 364.92 320.62 352.93 466.00 271.39 330.03 351.09
04 210.40 430.96 367.02 322.66 355.11 467.59 272.08 331.29 352.63
05 210.43 434.82 368.75 324.44 356.65 469.80 272.90 332.60 354.25
06 210.46 433.59 368.17 324.86 358.52 469.87 272.66 332.69 354.43
07 210.55 428.81 364.33 321.84 355.04 465.21 271.46 330.46 351.54
10 210.58 430.11 364.33 321.45 355.83 463.46 271.66 330.53 351.53
11 210.61 427.07 361.45 318.55 353.67 458.36 270.81 328.74 349.16
12 210.64 427.70 362.21 319.40 351.75 460.20 271.04 328.97 349.43
13 210.75 427.33 362.59 320.42 352.46 461.67 271.13 329.39 349.98
14 Market Closed – Holiday
17 210.78 429.13 361.44 318.99 354.98 460.52 271.22 329.44 350.10
18 210.81 438.12 368.15 324.35 360.33 470.11 273.54 333.52 355.38
19 210.84 440.61 369.29 326.77 363.29 473.72 274.09 334.97 357.30
20 210.87 438.84 369.48 326.62 361.82 472.40 273.89 334.52 356.64
21 210.96 441.21 369.10 325.15 364.26 471.85 274.22 334.78 357.02
24 210.99 439.85 367.94 324.39 363.59 469.55 273.87 334.13 356.12
25 211.02 437.44 366.41 322.33 363.68 469.00 273.32 333.30 355.21
26 211.05 437.19 367.17 322.01 366.39 469.68 273.43 333.69 355.81
27 211.07 435.25 368.13 321.97 366.49 467.26 273.33 333.44 355.36
28 211.16 438.97 368.51 321.88 366.96 468.74 273.97 334.10 356.19
April Fund Performance (in percentages)
0.41% 2.88% 1.04% 0.37% 5.29% -0.03% 1.08% 1.41% 1.64%

2006 March

Tuesday, March 28th, 2006
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 4.51% 3.78% 10.58% 11.95% n/a
             
Stable
Value Option
1.26%          
Wellington
Core
-0.54%          
PRIMCO
GIC
1.23%          
Cash 0.69%          
BGI
– Money Market Index
1.11%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
0.42%          
             
Equity
Index Option (BGI – US Equity Index)
    5.32%      
             
Benchmark            
Russell
3000
    5.31%      
             
Value
Stock Option
  5.90%        
Morgan
Value (separately managed)
  4.29%        
CGM Focus   10.33%        
Goldman Sachs Mid Value Instl.   6.10%        
Neuberger
Berman Regency
  5.24%        
T.
Rowe Price Value
  5.86%        
BGI
– Value Index
  5.97%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  5.93%        
             
Growth
Stock Option
    5.15%      
Turner
Mid Cap Growth
    11.77%      
TCW
Galileo Select Equities I
    -1.82%      
Marsico
Focus
    4.28%      
Wellington
Mid Cap Opportunities
    8.41%      
BGI
– Growth Index
    3.19%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    3.09%      
             
International
Stock Option
      11.00%    
Amer
Cent-20th Cent. Int’l Discovery
      15.11%    
Amer
Cent-20th Cent. Int’l Growth
      10.11%    
Templeton
Instl. Foreign
      7.80%    
First
Eagle Overseas I
      9.31%    
Oppenheimer Intl Sm Co A       18.25%    
Thornburg Intl Value R5       9.93%    
Marsico Intl Opp       9.99%    
Dimensional Emerging Markets Value       13.69%    
Longleaf
Partners Intl.
      5.47%    
BGI
Eafe Index
      9.32%    
             
Benchmark            
MSCI
EAFE Net Divs
      9.40%    
             
Diversified
Small Company Stock Option
        10.69%  
Royce
Opportunity
        16.68%  
Dimensional
U.S. Micro Cap Portfolio
        14.39%  
Janus
Small Cap Value Instl.
        6.37%  
Third Avenue Sm Cap Instl.         5.93%  
Century Sm Cap Select Instl.         8.46%  
BGI
– Small Company Index
        13.98%  
             
Benchmark            
Russell
2000 Total
        13.94%  
             
Conservative
Model Portfolio
          3.08%
             
Benchmark            
Conservative
Composite Index
          2.50%
             
Moderate
Model Portfolio
          5.23%
             
Benchmark            
Moderate
Composite Index
          4.63%
             
Aggressive
Model Portfolio
          6.59%
             
Benchmark            
Aggressive
Composite Index
          6.43%

Things are improving!!

Thursday, March 23rd, 2006

Good News! There will no longer be a 10 basis point fee on assets held by DAP participants in Fidelity Funds.  This fee was necessary to offset plan expenses with the prior record keeper but is no longer necessary with Fidelity as the record keeper.

The Fidelity Board of Trustees has also changed their redemption fee policy. Effective May 31, 2006, the following DAP transactions will be exempt from a redemption fee:

  • Minimum required distributions
  • Systematic withdrawal program (SWP) (DAP distributions on 15th of each month)
  • Redemptions associated to death, disability or a Qualified Domestic Relation Order

Transfer freeze policy with a pending distribution –

Fidelity will now allow you to delay your pending distribution (SWP or partial) a short time without additional paperwork to accommodate your transfer when you request one.  You will not be prevented from transferring funds on any day when the market is open.

March 2006

Tuesday, March 21st, 2006
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
01 209.42 422.63 361.91 318.66 337.46 457.13 269.40 325.75 345.26
02 209.45 423.61 361.14 318.08 337.68 456.04 269.43 325.63 345.07
03 209.53 422.92 360.56 317.67 336.55 455.02 269.31 325.25 344.52
06 209.56 418.25 358.07 314.56 336.13 451.48 268.29 323.59 342.49
07 209.59 415.20 356.72 311.77 331.03 446.63 267.68 321.69 339.86
08 209.62 415.23 357.49 311.68 329.10 446.87 267.83 321.59 339.65
09 209.65 413.60 355.76 309.19 331.25 445.16 267.35 320.90 338.95
10 209.74 417.08 358.25 310.89 333.41 448.94 268.29 322.46 340.97
13 209.76 418.99 359.20 311.67 336.87 449.86 268.72 323.41 342.23
14 209.79 424.00 362.85 315.99 339.51 453.98 270.01 325.78 345.14
15 209.82 426.00 364.76 317.87 341.08 457.46 270.61 327.01 346.76
16 209.85 427.48 365.14 317.10 342.50 457.65 270.89 327.29 347.17
17 209.94 428.10 365.91 319.06 344.03 458.32 271.16 328.06 348.06
20 209.97 425.80 365.52 319.02 345.17 458.06 270.81 327.87 347.89
21 210.00 422.91 363.02 316.22 343.02 453.68 270.04 326.21 345.71
22 210.03 425.60 365.32 317.84 343.66 458.09 270.79 327.48 347.39
23 210.06 426.22 364.75 317.42 341.82 459.51 270.81 327.31 347.21
24 210.14 427.34 365.51 318.26 344.05 462.64 271.15 328.19 348.48
27 210.17 427.90 365.12 318.36 343.87 462.92 271.18 328.24 348.53
28 210.20 426.48 363.01 317.12 342.20 461.55 270.68 327.32 347.38
29 210.23 429.58 366.27 320.99 345.51 467.36 271.64 329.55 350.29
30 210.26 428.70 365.69 320.96 349.10 467.42 271.45 329.80 350.75
31 210.29 426.69 364.73 320.69 348.53 468.89 271.04 329.45 350.45
March Fund Performance (in percentages)
0.43% 2.02% 1.75% 1.77% 4.06% 3.81% 1.05% 1.83% 2.35%

2006 February

Tuesday, February 28th, 2006
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 3.28% 2.24% 6.72% 7.52% n/a
             
Stable
Value Option
0.82%          
Wellington
Core
0.28%          
PRIMCO
GIC
0.80%          
Cash 0.45%          
BGI
– Money Market Index
0.72%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
0.29%          
             
Equity
Index Option (BGI – US Equity Index)
    3.51%      
             
Benchmark            
Russell
3000
    3.52%      
             
Value
Stock Option
  3.80%        
Morgan
Value (separately managed)
  2.91%        
CGM Focus   7.45%        
Goldman Sachs Mid Value Instl.   3.80%        
Neuberger
Berman Regency
  2.87%        
T.
Rowe Price Value
  3.51%        
BGI
– Value Index
  4.54%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  4.52%        
             
Growth
Stock Option
    3.31%      
Turner
Mid Cap Growth
    7.96%      
TCW
Galileo Select Equities I
    -2.86%      
Marsico
Focus
    2.74%      
Wellington
Mid Cap Opportunities
    6.28%      
BGI
– Growth Index
    1.67%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    1.59%      
             
International
Stock Option
      6.67%    
Amer
Cent-20th Cent. Int’l Discovery
      6.09%    
Amer
Cent-20th Cent. Int’l Growth
      6.44%    
Templeton
Instl. Foreign
      5.20%    
First
Eagle Overseas I
      6.29%    
Oppenheimer Intl Sm Co A       10.62%    
Thornburg Intl Value R5       6.84%    
Marsico Intl Opp       6.40%    
Dimensional Emerging Markets Value       9.97%    
Longleaf
Partners Intl.
      3.17%    
BGI
Eafe Index
      5.82%    
             
Benchmark            
MSCI
EAFE Net Divs
      5.91%    
             
Diversified
Small Company Stock Option
        6.63%  
Royce
Opportunity
        10.33%  
Dimensional
U.S. Micro Cap Portfolio
        9.41%  
Janus
Small Cap Value Instl.
        3.54%  
Third Avenue Sm Cap Instl.         3.64%  
Century Sm Cap Select Instl.         5.55%  
BGI
– Small Company Index
        8.67%  
             
Benchmark            
Russell
2000 Total
        8.67%  
             
Conservative
Model Portfolio
          2.02%
             
Benchmark            
Conservative
Composite Index
          1.79%
             
Moderate
Model Portfolio
          3.34%
             
Benchmark            
Moderate
Composite Index
          3.01%
             
Aggressive
Model Portfolio
          4.14%
             
Benchmark            
Aggressive
Composite Index
          4.12%

February 2006

Tuesday, February 21st, 2006
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
01 208.60 423.63 358.51 318.23 336.78 456.00 268.40 324.78 344.32
02 208.63 419.75 355.44 315.32 335.26 452.07 267.40 323.02 342.11
03 208.72 418.34 353.52 313.14 333.32 450.94 266.97 321.99 340.83
06 208.75 420.69 353.90 313.57 334.68 452.62 267.37 322.67 341.75
07 208.78 413.85 350.83 309.96 332.63 447.25 265.96 320.29 338.73
08 208.81 415.27 353.71 312.37 330.75 449.06 266.63 321.15 339.63
09 208.83 413.52 353.13 311.08 332.49 447.26 266.32 320.75 339.18
10 208.92 412.39 353.70 310.98 330.71 446.82 266.32 320.49 338.74
13 208.95 409.75 352.16 308.57 327.44 443.60 265.73 319.00 336.76
14 208.98 413.41 355.80 312.01 330.03 447.96 266.84 321.08 339.39
15 209.01 413.89 357.34 313.83 328.07 450.20 267.17 321.58 339.94
16 209.04 417.99 360.21 316.81 330.05 453.55 268.21 323.39 342.19
17 209.15 418.76 359.63 315.90 329.94 453.54 268.31 323.30 342.07
20 Market Closed – Holiday
21 209.18 420.04 358.48 314.34 331.27 451.60 268.32 323.07 341.79
22 209.21 421.99 361.16 317.63 332.83 454.31 269.04 324.57 343.61
23 209.24 420.70 360.20 316.70 334.68 453.05 268.73 324.29 343.32
24 209.32 422.25 360.96 317.75 335.70 454.80 269.12 325.02 344.25
27 209.36 421.75 362.30 319.28 337.29 456.37 269.29 325.70 345.14
28 209.39 418.25 358.47 315.10 334.92 451.70 268.23 323.52 342.40
February Fund Performance (in percentages)
0.39% -1.44% 0.15% -0.91% -0.65% -0.61% -0.06% -0.35% -0.50%

2006 January

Saturday, January 28th, 2006
Fixed  Income Large
Cap Value
Large
Cap Growth
Foreign Small
Company
Portfolio
             
Morningstar
Averages for the Universe
n/a 2.83% 3.57% 6.91% 8.04% n/a
             
Stable
Value Option
0.43%          
Wellington
Core
-0.01%          
PRIMCO
GIC
0.42%          
Cash 0.24%          
BGI
– Money Market Index
0.37%          
             
Benchmark            
LB
1-3 yr. Govt./Treas.
0.19%          
             
Equity
Index Option (BGI – US Equity Index)
    3.36%      
             
Benchmark            
Russell
3000
    3.34%      
             
Value
Stock Option
  5.32%        
Morgan
Value (separately managed)
  2.66%        
CGM Focus   15.92%        
Goldman Sachs Mid Value Instl.   4.06%        
Neuberger
Berman Regency
  6.15%        
T.
Rowe Price Value
  3.12%        
BGI
– Value Index
  3.94%        
             
Benchmark            
Russell
Price Driven (1000 Value)
  3.88%        
             
Growth
Stock Option
    4.27%      
Turner
Mid Cap Growth
    9.86%      
TCW
Galileo Select Equities I
    0.00%      
Marsico
Focus
    3.13%      
Wellington
Mid Cap Opportunities
    5.64%      
BGI
– Growth Index
    1.79%      
             
Benchmark            
Russell
Earnings Growth (1000 Growth)
    1.76%      
             
International
Stock Option
      7.37%    
Amer
Cent-20th Cent. Int’l Discovery
      8.69%    
Amer
Cent-20th Cent. Int’l Growth
      7.04%    
Templeton
Instl. Foreign
      5.83%    
First
Eagle Overseas I
      5.73%    
Oppenheimer Intl Sm Co A       12.55%    
Thornburg Intl Value R5       7.37%    
Marsico Intl Opp       7.39%    
Dimensional Emerging Markets Value       9.56%    
Longleaf
Partners Intl.
      2.88%    
BGI
Eafe Index
      6.09%    
             
Benchmark            
MSCI
EAFE Net Divs
      6.14%    
             
Diversified
Small Company Stock Option
        7.29%  
Royce
Opportunity
        10.33%  
Dimensional
U.S. Micro Cap Portfolio
        9.14%  
Janus
Small Cap Value Instl.
        5.19%  
Third Avenue Sm Cap Instl.         5.11%  
Century Sm Cap Select Instl.         6.12%  
BGI
– Small Company Index
        8.97%  
             
Benchmark            
Russell
2000 Total
        8.97%  
             
Conservative
Model Portfolio
          2.08%
             
Benchmark            
Conservative
Composite Index
          1.56%
             
Moderate
Model Portfolio
          3.71%
             
Benchmark            
Moderate
Composite Index
          2.92%
             
Aggressive
Model Portfolio
          4.67%
             
Benchmark            
Aggressive
Composite Index
          4.10%

January 2006

Saturday, January 21st, 2006
Day Stable Value Value Stock Equity Index Growth Stock Intl. Stock Div. Small Co. Stock Conserv. Portfolio Moderate Portfolio Aggressive Portfolio Retirement Portfolio
02 Market Closed – Holiday
03 207.76 410.48 351.86 309.93 322.22 428.36 264.92 316.91 333.49
04 207.79 413.09 353.39 312.03 326.18 431.54 265.54 318.48 335.55
05 207.82 411.73 353.58 312.62 326.09 432.32 265.40 318.49 335.61
06 207.91 415.46 357.03 316.48 329.60 436.02 266.53 320.76 338.37
09 207.94 417.34 358.75 318.61 330.32 439.29 267.08 321.91 339.81
10 207.97 418.37 358.94 319.24 327.60 441.35 267.28 322.02 339.89
11 208.00 419.44 360.09 320.23 330.31 441.56 267.63 322.81 340.87
12 208.02 417.10 357.79 317.74 330.67 439.47 266.96 321.70 339.62
13 208.14 417.62 358.16 317.49 331.41 440.52 267.18 321.99 340.02
16 Market Closed – Holiday
17 208.17 417.08 356.82 315.93 327.39 438.25 266.91 320.88 338.47
18 208.20 414.32 355.66 314.31 322.73 438.20 266.37 319.58 336.87
19 208.23 418.06 357.96 317.12 327.36 443.71 267.27 321.76 339.76
20 208.31 413.33 351.44 310.33 324.76 438.56 265.64 318.62 335.98
23 208.34 415.90 352.01 310.31 325.78 440.52 266.11 319.25 336.86
24 208.37 417.77 353.73 313.02 328.31 445.12 266.67 320.77 338.91
25 208.40 415.93 352.97 311.73 329.81 444.44 266.31 320.39 338.53
26 208.43 419.46 355.84 315.42 333.10 450.33 267.28 322.58 341.44
27 208.52 423.06 358.33 318.18 335.74 452.24 268.23 324.26 343.45
30 208.55 424.57 358.71 318.56 335.73 452.51 268.52 324.58 343.81
31 208.57 424.37 357.94 318.00 337.11 454.47 268.39 324.67 344.13
January Fund Performance (in percentages)
0.43% 5.32% 3.36% 4.27% 7.37% 7.29% 2.08% 3.71% 4.67%