Changes to NYS Deferred Compensation Plan

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Trying2Save
Posts: 25
Joined: Thu Mar 16, 2017 2:25 pm
Location: New York, NY

Re: Changes to NYS Deferred Compensation Plan

Post by Trying2Save » Fri Oct 06, 2017 7:52 am

Is anyone else surprised at how disappointing the funds are performing? Maybe it's just me and my AA, but in a time when the market continues to grow and hit all-time highs, my YTD gains aren't as high as I was expecting.

TSWNY
Posts: 111
Joined: Sun Mar 13, 2016 1:05 pm

Re: Changes to NYS Deferred Compensation Plan

Post by TSWNY » Fri Oct 06, 2017 7:57 am

alpenglow wrote:
Fri Oct 06, 2017 7:44 am
TSWNY wrote:
Fri Oct 06, 2017 7:22 am
willie838 wrote:
Fri Oct 06, 2017 3:28 am
how is everyone making out with this a few months in....

i was just looking over the full listings and checking ERs...i'm unsure why but.

NYSDCB RUSSELL 2500 2.25
NYSDCB Equity Index 0.84
NYSDCB Debt Index 1.98

....

whaaaaaaat.

What the.....!!!!!! I just noticed this as well. I'm calling my account rep right now! I thought the ER's were supposed to be ultra low??

Update: Just got off the phone with the rep and she was surprised as well. She's looking into it and calling me back. I'll post an update as soon as I hear.
No need to worry. The decimals are misplaced. The ER's are:

NYSDCB RUSSELL 2500 0.0225
NYSDCB Equity Index 0.0084
NYSDCB Debt Index 0.0198
Yup, that makes much more sense. Thanks!

TSWNY
Posts: 111
Joined: Sun Mar 13, 2016 1:05 pm

Re: Changes to NYS Deferred Compensation Plan

Post by TSWNY » Fri Oct 06, 2017 10:38 am

Trying2Save wrote:
Fri Oct 06, 2017 7:52 am
Is anyone else surprised at how disappointing the funds are performing? Maybe it's just me and my AA, but in a time when the market continues to grow and hit all-time highs, my YTD gains aren't as high as I was expecting.
Whats your AA?

I'm 55% Large Cap, 15% Russell 2500 and 30% bond. All in the new BlackRock CIT's.

Trying2Save
Posts: 25
Joined: Thu Mar 16, 2017 2:25 pm
Location: New York, NY

Re: Changes to NYS Deferred Compensation Plan

Post by Trying2Save » Fri Oct 06, 2017 10:49 am

TSWNY wrote:
Fri Oct 06, 2017 10:38 am
Trying2Save wrote:
Fri Oct 06, 2017 7:52 am
Is anyone else surprised at how disappointing the funds are performing? Maybe it's just me and my AA, but in a time when the market continues to grow and hit all-time highs, my YTD gains aren't as high as I was expecting.
Whats your AA?

I'm 55% Large Cap, 15% Russell 2500 and 30% bond. All in the new BlackRock CIT's.
I'm 55% NYSDCB Equity Index Unitized Account (Large Cap), 20% International Equity Fund - Index Portfolio, 15% NYSDCB Russell 2500 Index Unitized Account, and 10% Bond.

slimshady
Posts: 56
Joined: Sun Aug 12, 2012 8:48 am

Re: Changes to NYS Deferred Compensation Plan

Post by slimshady » Fri Oct 06, 2017 12:55 pm

Hey guys. I have been participating in this plan for 22 years. I follow a 3 fund portfolio using both NYSDCB Equity / Bond funds and an International Index Fund. (The Plan represents approximately 35-40% of my portfolio). I used to love my VG S&P/Total Bond funds and was disappointed when they were replaced. I would check my account once per month to review my income dividends that Total Bond was paying. That has now ended with the inclusion of the CITs....I miss seeing how those dividends were increasing the value of my account, even though I understand they are accumulated in the funds net asset value.

I believe the new fund lineup will remain in place for the next 8-10 years at which time The Plan's funds will be revisited.

Other than that, the transition went smoothly at my end.

SimplicityNow
Posts: 285
Joined: Fri Aug 05, 2016 10:31 am

Re: Changes to NYS Deferred Compensation Plan

Post by SimplicityNow » Fri Oct 06, 2017 2:12 pm

Trying2Save wrote:
Fri Oct 06, 2017 7:52 am
Is anyone else surprised at how disappointing the funds are performing? Maybe it's just me and my AA, but in a time when the market continues to grow and hit all-time highs, my YTD gains aren't as high as I was expecting.

I'm not sure what you are looking at but you need to remember the YTD performance is only since the formation of the fund this summer. You can't compare it to the YTD performances of the varying indexes which go back to January 1, 2017.

NHRATA01
Posts: 439
Joined: Sat Oct 22, 2011 1:57 pm
Location: New York City area

Re: Changes to NYS Deferred Compensation Plan

Post by NHRATA01 » Mon Oct 09, 2017 12:32 pm

I believe those charges are in basis points which are 100ths of a percent, ie 2 basis points =0.02%. Kind of recall reading that somewhere in the documentation when figuring out the ER.

secondact
Posts: 13
Joined: Mon Apr 10, 2017 4:14 am

Re: Changes to NYS Deferred Compensation Plan

Post by secondact » Sat Oct 14, 2017 11:34 am

Just thought I would post this very eloquent explanation of the difference between Vanguard and BlackRock by Jack Bogle. I don't think I have done a very good job of expressing my reservations: https://www.youtube.com/watch?v=EC8rWTGZhak

secondact
Posts: 13
Joined: Mon Apr 10, 2017 4:14 am

Re: Changes to NYS Deferred Compensation Plan

Post by secondact » Sat Oct 14, 2017 11:40 am

This preceding link was originally posted on a different thread by Snarlyjack, but it addresses the conflicts inherent in a for-profit company that manages mutual funds. FWIW, my new BlackRock CITs seem to be doing fine, for now...

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