One who intends to leave others better off for his having existed.

3/4/15

North Carolina State 401(k) replaced index funds with higher cost actively managed accounts in 2013

North Carolina's 401(k) plan went from a Small MID CAP index fund with an annual cost of 0.209%,
to five managers averaging 0.848%, or about four times more.

North Carolina's 401(k) plan went from an international index fund with an annual cost of 0.299%,
to two managers charging 0.686%, or more than two times more.


Source; Supplemental Retirement Income Plan of North Carolina
(A Fiduciary Fund of the State of North Carolina
Financial Report
December 31, 2012
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INVESTMENT ADVISERS: BlackRock Advisors, Inc.
FUND CATEGORY: International Stock – Index
INCEPTION DATE: March 6, 2009
NET EXPENSE RATIO: 0.299%

https://www.nctreasurer.com/ret/401k%20Plan%20Features/InternationalIndex.pdf

INVESTMENT ADVISERS: Baillie Gifford
Mondrian Investment
Partners Limited
FUND CATEGORY: International Stock – Blend
INCEPTION DATE: March 6, 2009
NET EXPENSE RATIO: 0.686%

https://www.nctreasurer.com/ret/401k%20Plan%20Features/International.pdf


North Carolina Small/Mid Cap Index Fund - 0.209%

INVESTMENT ADVISERS: BlackRock Advisors, Inc.
FUND CATEGORY: Small / Mid Stock – Index
INCEPTION DATE: March 6, 2009
NET EXPENSE RATIO: 0.209%

https://www.nctreasurer.com/ret/401k%20Plan%20Features/SMidCapIndex.pdf
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North Carolina Small/Mid Cap Value Fund

INVESTMENT ADVISERS: EARNEST Partners, LLC
Hotchkis and Wiley Capital
Management, LLC
WEDGE Capital Management L.L.P
FUND CATEGORY: Small / Mid Stock – Value
INCEPTION DATE: March 6, 2009
NET EXPENSE RATIO: 0.808%

https://www.nctreasurer.com/ret/401k%20Plan%20Features/SMidCapValue.pdf
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North Carolina Small/Mid Cap Growth Fund

INVESTMENT ADVISERS: TimesSquare Capital
Management, LLC
Brown Advisory
FUND CATEGORY: Small / Mid Stock – Growth
INCEPTION DATE: March 6, 2009
NET EXPENSE RATIO: 0.888%

https://www.nctreasurer.com/ret/401k%20Plan%20Features/SMidCapGrowth.pdf

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