Blog purpose
This BLOG is for LLNL present and past employees, friends of LLNL and anyone impacted by the privatization of the Lab to express their opinions and expose the waste, wrongdoing and any kind of injustice against employees and taxpayers by LLNS/DOE/NNSA.
The opinions stated are personal opinions. Therefore,
The BLOG author may or may not agree with them before making the decision to post them.
Comments not conforming to BLOG rules are deleted.
Blog author serves as a moderator.
For new topics or suggestions, email jlscoob5@gmail.com
Blog rules
- Stay on topic.
- No profanity, threatening language, pornography.
- NO NAME CALLING.
- No political debate.
- Posts and comments are posted several times a day.
Monday, November 23, 2015
UCRS
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Posts you viewed tbe most last 30 days
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2 comments:
Let us begin a little history lesson. In 2007 the Lab went to LLNS and you moved into their retirement system, or froze with UC. Do you think anyone from UC is keeping an eye on the LLNS plans? UC washed their hands of retirement pay and health insurance hassle for the labbies AND got more money for their part in the LLNS debacle than they were pulling down when operating it on their own.
We only thought we were UC employees. We were actually red-headed step kids.
Of course, UC offers it's Domestic Equity fund. This is essentially a total (US) stock market fund (Russell 3000), which is somewhat more diversified than the S&P 500. But with an expense ratio of 15 basis points, it is marginally more expensive than the ~5 basis point funds offered by many S&P 500 and total stock market equivalents. For a $100K investment, the difference is an added cost of about $100/yr.
However, I think the theory is that there is no need to directly offer the lower cost index funds since there is a brokerage link option available with UC (and LLNS). The brokerage link can use it to purchase a low-cost ETF or even a Fidelity Spartan mutual fund (e.g., FUSVX is a Fidelity Spartan S&P 500 index fund with a 0.05 expense ratio).
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