Texas Employees picks new DC plan funds, sets pacing plans for alts
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Texas Employees Retirement System, Austin, made changes to the investment lineup for its $3.1 billion defined contribution and $1.1 billion 457 plans, according to documents from a March 10 board meeting.
During the meeting, trustees approved adding the Fidelity International Index Fund to ERS Texa$aver retirement plan program, spokeswoman Mary Jane Wardlow confirmed in an email.
Fund officers said in a report to the board that a passive international fund would provide participants greater choice with the opportunity for a lower expense ratio and provide for greater diversification.
Two other new funds