Mont. Admin. r. 2.43.3502

Current through Register Vol. 23, December 6, 2024

Rule 2.43.3502 - ADOPTION OF INVESTMENT POLICY STATEMENT AND FIXED FUND INVESTMENT POLICY STATEMENT

(1) The board adopts and incorporates by reference the State of Montana 401(a) Defined Contribution Plan Investment Policy Statement approved by the board on April 11, 2024. The Investment Policy Statement provides investment guidelines for the defined contribution plan, a long-term retirement-savings vehicle that permits participants to invest employer and participant contributions on a tax-deferred basis. The investment guidelines help the board to meet its fiduciary responsibilities to evaluate and positively influence the direction of the plan and its investments for the benefit of the plan participants and beneficiaries.

(2) The board adopts and incorporates by reference the Montana Fixed Fund Investment Policy Statement approved by the board on February 10, 2022. These guidelines apply to the investment of 401(a) defined contribution plan participant assets and 457(b) deferred compensation plan participant assets that are pooled together in the plans' stable value group trust. The investment policy statement was developed through mutual agreement amongst the board, the investment manager, and the insurance wrap providers and provides guidance to the investment manager when investing participants' funds contained within the stable value group trust.

(3) Copies of the Defined Contribution Plan Investment Policy Statement and the Fixed Fund Investment Policy Statement may be obtained from MPERA, 100 North Park Avenue, Suite 200, P.O. Box 200131, Helena, MT 59620-0131, phone 1 (877) 275-7372, e-mail mpera@mt.gov. The documents are also available online at www.mpera.mt.gov.

Mont. Admin. r. 2.43.3502

NEW, 2002 MAR p. 1884, Eff. 7/12/02; AMD, 2004 MAR p. 1131, Eff. 5/7/04; AMD, 2005 MAR p. 1907, Eff. 10/7/05; AMD, 2007 MAR p. 677, Eff. 5/25/07; AMD & TRANS, from ARM 2.43.1002, 2008 MAR p. 2467, Eff. 12/1/08; AMD, 2009 MAR p. 1010, Eff. 6/26/09; AMD, 2010 MAR p. 1724, Eff. 7/30/10; AMD, 2010 MAR p. 2571, Eff. 10/29/10; AMD, 2011 MAR p. 2799, Eff. 12/23/11; AMD, 2013 MAR p. 1815, Eff. 10/18/13; AMD, 2014 MAR p. 2443, Eff. 10/10/14; AMD, 2015 MAR p. 1889, Eff. 10/30/2015; AMD, 2016 MAR p.1162, Eff. 7/9/2016; AMD, 2017 MAR p. 1514, Eff. 9/9/2017; AMD,2018 MAR p. 821, Eff.4/28/2018; AMD, 2019 MAR p. 288, Eff.3/16/2019; AMD, 2019 MAR p. 410, Eff. 4/27/2019; AMD, 2019 MAR p. 736, Eff. 6/8/2019; AMD, 2020 MAR p. 1117, Eff. 6/27/2020; AMD,2021 MAR p. 465, Eff.5/1/2021; AMD, 2022 MAR p. 609, Eff. 4/30/2022; AMD, 2024 MAR p. 1576, Eff. 7/6/2024

AUTH: 19-3-2104, MCA; IMP: 19-3-2104, 19-3-2122, MCA