James S. McCumber

Juniata College 403(b) Committee Meeting Minutes

The committee reviewed the market and economic environment, including index performance and U.S. economic indicators. The discussion covered a review of the plan's platform, investment allocation, and fund performance relative to benchmarks. The committee addressed plan pricing, revenue sharing, and the status of the Plan Expense Reimbursement Account. Significant action items included the approval of a new loan policy, the elimination of the 15-year catch-up provision for new participants, and the adoption of a small account payout provision. Additionally, the committee discussed and approved the Fee Policy Statement and reviewed future plans for fee leveling and wrap fee implementation.