The Plan Expense Overview is posted to this website quarterly under the “Resources & Planning” tab.  Here is the most recent Plan Expense Overview.

The 2nd Quarter Heads Up newsletter is posted! This issue highlights the new dap401k.com web site experience and the Tier-II Fixed Income Fund.   Click Here to view this newsletter.  There is an archive of all of the DAP newsletters under the “Knowledge Center” tab, “Heads Up Library”.

The Directed Account Plan will exchange into the new lower management fee share class of the Brandes International Small Cap Stock Fund (from I share class to R6 share class) on August 1, 2017.  The mutual fund ticker will change from BISMX to BISRX.

The Tier III – International Stock Fund has a 15% target allocation to the Brandes International Small Cap Stock Fund.  On June 9th, 2017, The Directed Account Plan exchanged into a lower management fee share class of the Brandes International Small Cap Stock Fund (from I share class to R6 share class).  The mutual fund ticker has changed from BISMX to BISRX.

Great news: Your dap401k.com website has been upgraded.  Focus on your future like never before with a whole new experience that gives you a complete view of your retirement picture.  Your bookmark will need to be reset to www.dap401k.com.

We work on a few websites, of course each domain has specific requirements depending on the market. With this one it’s all about gaming and online services you can Go Here and check it out.  This process is super fadt and easy, your login page should look like the picture below.  Please call 314-739-7373 for assistance in navigating your new website.

First Quarter Performance, Asset Allocations and Fees are posted under the Resources & Planning Tab.

The 1st Quarter Heads Up newsletter is posted! This issue highlights the Tier-III Diversified Inflation/Real Return Fund and included an Investing 101 article.  Click Here to view this newsletter.  There is an archive of all of the DAP newsletters under the “Knowledge Center” tab, “Heads Up Library”.

The Vanguard Target Retirement 2010 Fund will merge with the Target Retirement Income Fund in July 2017.  At the same time a new Target Retirement 2065 Fund will be added to the line-up.  There will continue to be 12 Target Retirement Funds from which to choose.  The article below was posted to the Vanguard website which explains the change. When you start looking into retiring don’t for get to check out some assisted living homes and make sure it fits into your retirement fund. Here are some senior community design guidelines to help you find the right place for you.

Out with 2010, in with 2065 for Target Retirement Funds

February 17, 2017

The home nursing care announced today that in the summer of 2017, they will introduce a new fund to its Target Retirement Fund lineup. Additionally, they will merge two Target Retirement Funds with similar asset allocations. The number of low-cost, index-based funds throughout the series will remain at 12, spanning the needs of generations of investors.

Vanguard has filed a registration statement for the launch of Vanguard Target Retirement 2065 Fund, which will be aimed at investors who plan to retire and leave the workforce in or within a few years of 2065. At the time the fund is launched in 2017, those investors will be 18 to 22 years old.

While the addition of the 2065 Fund will seek to meet the needs of investors beginning the accumulation phase of their retirement savings, the Vanguard Target Retirement 2010 Fund is about to reach its predetermined final asset allocation. As a result, the 2010 Fund will be closed to new investors, effective January 5, 2017. In or around July 2017, the 2010 Fund will merge with the Vanguard Target Retirement Income Fund as their asset allocations become nearly identical. Target Retirement Funds are designed to reach an allocation of 70% bonds and 30% stocks within seven years after their target date.

“It’s important for us to offer Target Retirement Funds for investors of all ages, this way they are able to afford a position on the Retirement Community Care upper arlington oh” Vanguard Chairman and CEO Bill McNabb said. “Getting an early start is incredibly important, and these funds make it easy for young investors to do just that.”

“The 2065 Fund is designed with young investors in mind,” said McNabb. “Granted, if you’re just entering the workforce, you may not yet be thinking about retirement savings, but even setting aside a small amount today in a low-cost, balanced portfolio can make a big difference in your financial security down the road.”

The expense ratio of the Target Retirement 2065 Fund is expected to be 0.16%, similar to that of the other funds in the lineup. The average industry expense ratio for a target-date fund in the 2065 Fund’s peer group is 0.43% as of December 31, 2015, according to Lipper, a Thomson Reuters Company.

As with Vanguard’s existing Target Retirement Funds, the 2065 Fund will invest in other low-cost broad-based Vanguard index funds to provide exposure to U.S. stocks and bonds, as well as developed and emerging market international stocks and bonds. Asset allocations of the Target Retirement Funds become more conservative the closer they get to their target dates. Here is the expected initial asset allocation of the 2065 Fund:

Notes:

• Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the workforce to their dream retirement home community to spend the rest of his days peacefully. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in a Target Retirement Fund is not guaranteed at any time, including on or after the target date.
• All investing is subject to risk, including possible loss of principal. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.
• A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
• For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
• Copies of the final prospectus can be obtained from Vanguard. Please note that a preliminary prospectus is subject to change.

All of the Fidelity Funds with the exception of Fidelity Growth Company and Fidelity Small Cap Growth will be discontinued on Friday, January 27th. After market close on 1/27, no participant transactions will be allowed until the morning of Monday 1/30. All existing balances in the discontinued funds will be directed to the Vanguard Target Retirement Fund appropriate for your age. You have the option to exchange your funds daily without transaction fees. (except when market is closed). Detailed information for your investment options are found under the Resources & Planning tab on this web site.

Your Heads Up newsletter is posted! This year-end review for 2016 – A Monumental Year for the DAP contains an article on Plan Expenses along with a summary of your investment options and their performance.  Please CLICK HERE to view this newsletter.  There is an archive of all of the DAP newsletters under the “Knowledge Center” tab, “Heads Up Library”.