Jun 11, 2026BoardMeeting
BoardEmployee Retirement Account Committee Regular Quarterly Meeting Minutes
The committee reviewed quarterly investment reports, including presentations from VALIC Financial Advisors and Daher Capital Group regarding market performance and participant engagement. Several actions were taken, including amending the Investment Policy Statement to replace 5-year up/down capture rates with 5-year alpha measurements. The committee also approved the replacement of several investment funds, specifically the Hartford Dividend and Growth Fund, JP Morgan Growth Advantage, VALIC Company NASDAQ-100, American Century Small Cap Growth, and Alliance Bernstein Bond Inflation Strategy, with various alternative funds to improve performance and reduce fees.