Chair to Brinkette, microphones are live.
Thank you very much.
We'll go ahead and get started. Good morning.
Welcome to the Defined Contribution Meeting.
Today is the 21st of August, 2026. I'd like to call the meeting to order.
Can I get a roll call, please?
Chair to Brinkette.
Here.
Vice Chair Barth.
Here.
Member Burch.
Here.
Member Marx.
Here.
Member Miracle.
Here.
Let's stand for the Pledge of Allegiance.
Okay.
Can I get approval of the minutes from the May 15th meeting?
I'll make that motion.
Second.
Who is the seconder?
Birch.
All in favor?
Aye.
None opposed?
Motion carries.
Can I get a motion for the approval of today's agenda?
Motion.
All in favor?
Aye.
None opposed?
Motion carries.
Next item on the agenda are comments.
I'll make a quick comment.
A reminder this meeting falls before our defined benefit meeting,
so if we could keep our presentations concise and brief.
I'd appreciate not to move this along,
but there is a lot that we're going to be talking about at 9.30 so 9.15 would be
our time to adjourn and we have some technical difficulties on the desk so
you'll see a smart board behind you for presentations for us to see we can't see
here it's on the projector so we have the view board to assist for today
sorry for the inconvenience. Are there any other comments on the desk? No? Okay. Any
comments from the public? I see none. We'll go into general business. We have a
Mark and Investment Performance Review by Kerry Richardville, Senior Advisor from
Airner. Welcome.
Just making sure that's on. Good morning everyone. I
I will definitely respect the request to keep the comments brief.
Thank you for the time this morning.
I'm going to hit just a few pages in our quarterly book.
The first one will be page three.
And again, we'll be very brief here if you take a look at the top right chart.
You can see the numbers essentially speak for themselves.
We had a phenomenal quarter really across all public market segments.
You can see the S&P was up over 15 percent, all segments of U.S. equity strongly positive.
Small caps were up almost 22 percent.
Lot of continued excitement, exuberance around the buildout of AI, sort of the hyperscalers
putting into place that necessary infrastructure.
The U.S. economy has been very resilient despite the fact that we have situations,
you know, going on obviously in Iran that continue to go on.
very, very robust performance across markets, very technology-driven, as you can imagine.
Overseas markets, very similar, 14.5 percent for basically everyone but the U.S.
Developed markets up 11, emerging markets up 24 percent, again, same thing.
A lot of those countries, Taiwan, South Korea, Malaysia, supply a lot of the parts and
inputs that go into kind of that AI trait.
And even bonds in the bottom there were positive.
Interest rates have been pretty volatile,
kind of following what's going on geopolitically
and energy prices.
But we did get positive returns out of bonds as well.
So really stellar quarter.
And I think you'll see that come through
when we look at the individual plans
and just how the market values have changed
just quarter over quarter.
And so sort of along those lines,
I'll move to what is page number 12 in your books.
And I'm looking here, top left just at the summary, across the 457 and 401A plans, your
values, it kind of combined values went from about $78.5 million at the end of March to
a little over $85 million.
So very nice pickup in market value across those plans.
And then on 13, for the RHS plans, they picked up about $1 million in market value
to going from about $8.8 million to about $9.8 million.
and so nice positive market movements,
kind of moving the balances across all the funds.
I will just briefly hit on 25,
which is our sort of heat map for the funds
that we offer across your plans.
And I will say in summary,
we don't recommend any changes to the lineup at this time.
I'll give just a few high-level comments
on some of the yellow and reds that you do see.
But in summary,
we're not recommending any changes at this time,
Just kind of from top to bottom.
You can see Waycross, their core focused equity strategy, throwing a couple yellows.
Really they've just stubbed their toes over a couple quarters.
So much has depended upon your portfolio weights and specific names, especially related to
that AI theme.
So we're not concerned for now, it's just very much a function of how concentrated
the market has been.
Below that, your Victory Sycamore Value Fund.
fund, this is a very long-tenured fund that historically has protected in down markets.
It's really kind of hit a rough patch just over the last couple years, so we'd like to
continue to give that a little bit of time.
And the management team has been in place for a long time there.
They did have a recent retirement in April, but the rest of the team and portfolio
manager are very long-tenured, so we'd like to kind of give that a little bit
of runway.
And I'd say same for mid-cap growth.
A lot of the kind of triggers that they're hitting are right on the line from an
and investment policy standpoint.
Same thing for that mission square diversified international.
You can see a couple of those reds are throwing
because the funds are 51st or 52nd percentile.
We're looking for 50th.
So again, want to kind of let that play.
And then finally, the inflation-focused
mission square fund, which is second from the bottom,
pretty much right on top of the line
from a compliance policy too.
So we'd like to continue to watch those,
and we are comfortable with those funds at this time.
And I am happy to answer any questions that you all might have regarding the funds,
the performance, or anything else you may see.
I think since we just have a couple minutes, I'm just kind of curious as to
with the international funds, just in general on page 3,
but just with the international funds and their performance with
with the war in the Middle East and the impact on energy cost and all that.
So if you could just give a quick synopsis of what's driving the international market.
Yes.
So emerging markets is a huge piece when you look at the all country of what's driving
performance there.
Technology's done really well there too, but I will tell you one thing that's interesting
is technology is not as big of a weight of the kind of developed markets international
index as it is here in the U.S. But things like sort of expectations for increased defense
spending, obviously Europe in particular is very susceptible to what's going on with
an energy. But I'd say, you know, emerging markets has been a huge piece of that followed
by kind of industrials. Consumers held up okay as well when it comes to international
markets.
Thank you.
Absolutely.
Any
other questions?
Okay.
I see no other comments on the desk.
Thank you.
Okay.
My pleasure.
Thank you.
Appreciate it.
Next item of business is the Define Contribution Plan Updates.
Howard with Mission Square.
We'll quiz.
I got it.
All right.
Good morning, everyone.
Good morning.
So what is the picture today on
the cover?
No guesses?
Yeah, that was it.
Part three.
I didn't even know it existed.
Had no idea.
Well, I'm not a golfer.
I'm not a golfer.
I once sponsored a golf tournament and it was for what they called a short game.
And I kept looking at my watch and I said to the instructor,
I thought we're playing a short game.
He says, well, what do you think it was?
As I said, nine holes.
He goes, no, this is the short game, right on the green,
so I do not know that stuff.
But at the benefits fair, I got to meet the golf pro,
seemed like a really nice individual.
So I didn't come alone today.
Last time, I brought Daryl Dennis from our managed
accounts.
Today, I brought Dan Vasquez, our CFP.
And some of you might have worked with him in the past.
He's going to do part of this presentation,
but he's also going to meet with some participants today
to do the comprehensive financial planning.
I put an insert that shows Dan's information as well as Natasha.
Natasha is our RPS.
She just started here at the city recently,
but she's been with Mission Square for 10 years.
Jillian during the last meeting made a point and, you know,
I guess we all take it for granted the resources that we have.
But when do your employees use which resource?
So I've been working with our marketing department.
This is a piece that was out there already,
but we're working to incorporate Darrell's information there.
So all of the client or participant facing individuals
will be able to really see who's available out there,
the RPS, the CFP, the FC, and kind of a roadmap.
When do I go to each one?
because it's kind of unclear because a lot of what they do is I don't want to say
redundant but overlaps and they work very closely together so I'm working with the
marketing department and hopefully by the next quarter we're gonna have
something for you but it's also thank you because we're gonna roll this out
nationally as well so thank you for your comments so the boy who cried wolf I've
been appearing here for a couple of years and we've been talking about enhancements, enhancements,
and enhancements, and they haven't been coming. And I feel like the boy who cried, well, but
today I'm able to talk about some of those enhancements that are actually here.
So the RHS enhancements, Dan is going to talk about PHY for Life, which is our in-plan
I'm going to show you and try to do a live demo on our new landing page, which wasn't
available last week except to me and mission square employees that is now live, and then
I want to talk about data and something I've been working with Jodion behind the scenes.
RHS, we've been talking about the debit card for quite some time.
This is at point of interaction.
People are having to out-of-pocket expenses, but now we're going to have a debit card.
This debit card is going to be issued in November to all those who are benefit-eligible.
So no more claims forms, no more being reimbursed.
They're going to get that debit card.
And it's going to go to, again, only those who are eligible or benefit-eligible to use it.
So if a lot of you are separated from service people, we'll be getting this debit card.
It's a welcome enhancement to this process.
We talked a little bit about the self-direct brokerage account being allowed in the RHS.
You have it in your 457.
There's only four employees that are taking advantage of it there.
So there's probably no need to do it in this.
this is again for medical benefits I guess I could talk both sides of the
fence on this whether it's good or bad but it does
Bring up some obviously fiduciary issues allowing your employees to invest this money in that.
But I want you to know it is available.
There are ways of putting guardrails on that.
They could invest in stocks, mutual funds, ETS,
or we could really silo that and allow them just specific types of investments.
The Five for Life is our in-plan annuity.
It's something the market has been asking for for quite some time.
I'm going to let Dan come up here and talk about that investment.
Thank you, Howard.
Thank you guys for having us, Dan Vasquez, Certified Financial Planner.
I wanted to touch a little bit about this new product that is now launched.
It's the Income America Five for Life, right?
So for those participants that are looking for some form of guaranteed income during
retirement, let's say, you know, they have a pension, they have Social Security,
but there's a gap in income, whatever that gap may be, and they're looking for
guaranteed income.
income, that income that they'll know will be coming in consistently the same amount
every month.
This could be a great option for those participants, and I'll talk a little bit more about the
details here.
So let's just go over a specific example, right?
So let's say at age 55, there's a participant that is looking for guaranteed income during
retirement, so they move $60,000 from other funds into the Mission Square Five for
life fund, right? In this case, the income base is set and reviewed each birthday. So
at age 65, by the time that they choose to turn on that income base, they have accumulated
contributions of 143,500 into the fund. With market growth, it is invested in a balance
fund. That fund grows to 200,000. So at 65, they decide to turn on that income
income stream, and now that income base is locked at that $200,000, and in this case,
they would have 5% guaranteed each year for the rest of their life.
So in this case, in this particular example, they would have $10,000 a year that they're
guaranteed in income for the rest of their life.
So for a participant that has an income gap or is looking for guaranteed income during
retirement, this could be a great potential option.
One thing I wanted to touch on is that $200,000 is locked, meaning that in worst case scenario,
even if the whole account value is depleted, they're guaranteed that $10,000 a year for
the rest of their life.
However, in the likely case that the market continues to rise, if their income base
goes up, they're guaranteed that 5% at the higher income base.
However, if the market value goes down, it's locked at the lowest at the $200,000 once
they turn $65,000, and it's at 5% guaranteed for life.
So again, let's say you have a participant that has Social Security.
They have their pension.
Let's say they spend $6,000 a month.
Their pension pays them $3,000, Social Security pays them $2,000.
They're looking for another $1,000 in guaranteed income.
this could be a great potential option for them.
I believe that's any questions on income for life.
Yes, we do.
Go ahead, Bob.
Yeah.
Thanks, Dan.
And if you can bear with me, I've got quite a few questions on this.
So what's the minimum age that someone could enter this?
Great question.
So there is no minimum age to enter this particular product, right?
However, the minimum age to turn on that income feature for that guaranteed 5% for life is age 65
Okay, and then and then with the
And again it is there a minimum amount then that someone has to contribute to start this
No minimum amount
Okay
So you could start with as little as a dollar right and then you could just set it up
Let's say each paycheck you have a certain percentage or maybe your whole allocation that goes into that
And a lot of the times, you know, participants would work with myself or the retirement plan specialist
to maybe get a better gauge through the planning process to see if this product is something that makes sense for them
and how much, what percentage they should be contributing to the product.
Okay. And then they have, then there's options with that because you could put in a one-time amount and let it sit, right?
Correct.
Or it's not like you're required to do an annual contribution or something like that.
Correct.
You can do a one-time contribution into the product, let's say you've built up a balance
in your account and you want to do a one-time contribution, you can also do the one-time
contribution and then do reoccurring contributions through your payroll.
So there's various options there.
And then in regards to the second bullet point on the income base setting, so this
So this is done annually, right, right, okay, and so let's let's say
Let's use example, you know you put in $60,000 and then in year one
Okay, let's say the and I put it into an investment. Yes
So it's it's sort of like a retirement target. They fund a balance on it's about 60 40 is is a current allocation
So let's say I put in $60,000
And let's say the market that year does not do well and it loses $10,000
So does my income base then reset at $50,000?
Well, your income base doesn't lock in till age 65, but yes up until the point that you're 65
Your ink your your balance could go up or down
You can lock it in starting at 65 and then beyond that it locks in at that minimum in this example
it's 200,000, right? And then if it goes up, your income base goes up. However, if in that
following year it resets every year on your birthday, that following year the income base
is lower, you have that guaranteed floor of the 200,000 that you locked in each year on
your birthday. So let's say the following year the income base is now 210,000, that's
your new locked-in floor.
But it only locks in at age 65.
correct it only locks in at age so if the market tanks I mean I it is there's
variability there's risk here it's not as though you you set $60,000 here and
you're never going to lose that because if if heaven forbid you know the
market really tanks for for a period of time you could end up at age 65 with a
lower balance. Correct it is possible. Normally when you look at a long-time
horizon in the market session of balance portfolio but yes absolutely there is
market risk before age 65. Okay and then and then let's say you're you're a
younger person and you know you did this at age 40 and you know at age 50 you're
like I'm I want out. Are you able to get out? Yes this is the great thing
about the product it's not like your annuity where there's a surrender fee
There's a lock in period you're able to move in and out of the fund. There's no like surrender fee. No penalty. No penalty. Correct
So it gives you a lot more flexibility
Okay, okay
Great. Yeah, this is a great. I mean, it's a it's a good option for people
Like you said who wants, you know, want a fixed income, you know at the when they retire. So
Okay, thank you very much. Thank you
If someone wanted to wait until they were 66 can they wait till the 66 or 65 is the number absolutely they can wait 65
It's just the minimum to start that income stream
But they can delay that beyond that and then based on however many years were paid off based on your $200,000 example
When someone ultimately passes that 200,000 goes back to their estate. Yes, it would pass down to their beneficiaries
Thank you good question
Yes, yes so there is a joint option so let's say you're married and you want
that income you want that guaranteed base to go to your spouse. There is a joint
option where if you were to pass away it would go to your significant other
your spouse in this case and that would lock in for your spouse at the four
percent guaranteed for their life. So your survivor benefit goes from five
to four four because it would be guaranteed for your spouse I just had one
so would this be rolled into the main portfolio or would it be a separate line
up because right now you have your we have a 457 RHS would this be a
standalone account part of the options within those investment lineups of a
So, Paul Murray has all the collateral to help you vet this out.
Him and I have talked about it, you probably have seen it.
I know you have an entire division that looks at these income for life programs.
And if this is something that you want to adopt, if I know by September 7th, it could
be implemented on November 13th.
So, the benefit of this, because I'm trying to figure out, because, you know, how you
can have losses and everything, so it's kind of just like, you know, if you invested today,
however, is that the carrot is that at 65, or if you choose at 65 or 66 or whatever,
when you choose to lock in, then you cannot lose what you lock in.
whereas if you had another investment, it could lose money at age 66 and you've lost it. Whereas here, you lock it in upon retirement, you get a fixed income coming back to you and you can't lose value.
Is that really, I mean that's the difference.
So the main difference, market value could still go up and down.
However, you're guaranteed the 5% income, the 5% return for the rest of your life, right?
So let's say you live to 100, and you have, you know, 200,000 in there.
You're guaranteed at least $10,000 a year for the next 35 years, right?
However, market value could still go up and down.
So let's say you were to pass away, or you were to move products, right?
Obviously, that's subject to market fluctuations.
It's the income that's guaranteed for life, the 5% of the value, right?
So that value is locked in, right?
So your income is locked in.
However, to his question about just the value being able to withdraw it, that could go up
and down if you were to move products, if you were to pass away and it would go to
your beneficiaries.
So that's why potentially that joint life option could make sense if you want that
income that higher income base to go to your spouse.
Okay.
Thank you Dan. Thank you guys. Appreciate it.
Chair, can I ask one question? Sure. Or might be multiple after a while. When they do it,
would it be an option inside their fund? So if they had a 457, they would elect it inside
their fund. It wouldn't be us. Or if they had a payroll deduction, would we have to split
that out saying they're going to put 10% out of their payroll into this, into the annuity
within their 457?
Great question.
So it's going to be part of the investment lineup within the 457, right?
So when you go to choose your investments or choose your future allocations, it's
going to be one of the choices on there if you guys do it like that.
That was my question.
How does the funds get managed?
Is it a separate account or is it within the 457?
So it would just be a fund that they can pick from your 457 you'd allocate what percent of your
Contribution goes to which fund
And is it three tax or post tax
Well, so pre tax or post tax would depend on you know within the 457 they have the option to go pre tax or post tax
So that would depend on the participant
In most cases right the 457 for when a I would say
It's more likely that it's pre-tax, but it could be either or depending on the participant.
In our retirement, for standard for general employees, it's 62.
So if they're retired at 62, can they still make contributions to this from 62 till they're
65?
Good question.
So let's say they retire from the plan, they can no longer make new contributions.
Excuse me.
Please speak into the microphone so it's recorded.
when it comes to new contributions if it's after retirement they can't make any new
contributions because they're no longer active in plan however they could move
their current investments into the fund okay so based on all of this it's the
it'd be determined by your 457 limits contribution limits you can't do
something extra then I guess yes it'd be determined by the limits right
which is, you know, the standard 24,500 before age,
50,000, 32,500 after age, a year.
Great questions.
Thank you.
Thank you for the questions.
Thank you, Dan.
I'm going to come back to this page.
This is the new website, the new landing page
that your employees are going to see.
I don't know if you've had the opportunity
to go into missionsquare.com, but this
is the refreshed new look that we're
calling the landing page.
But I wanted to talk about something that we're working with Jody on and the administrative
team on.
There's been a change in personnel. For those of you on the board, you're not familiar with what happens behind the scenes. We work with a gentleman named Mike Stupp.
Mike Stupp decided to retire at age 48 years old and take off to Roatan, where he loves scuba diving.
He's purchasing a restaurant out there, so if anyone ever goes to Roatan, let me know
and we'll set you up at a restaurant.
Monday night is lobster night, and the big drink there is the Monkey Lala.
I couldn't make this stuff up.
Is this from personal experience, Howard?
Not yet.
Okay.
It's Christmas.
All right.
Okay.
So, our new RPAM, or Time and Plan Account Manager, is a young lady named Donna Davis.
Donna has been with us for 19 years.
A soft introduction has been done to Jodi yesterday,
and we're working through some payroll configuration changes.
And one of the things that we'd like to propose is the census.
Right now, we get information from you primarily
for those people who are participating in the plan.
But there's a lot more people that are not
that we could help enroll and encourage them to participate.
So by receiving census data, we do a couple of things.
One, we're calling it the single source of truth.
So if somebody updates a birth date, a termination date,
an address on your file, they still have to come to us
and give us the information.
And a lot of times people move and they don't do that.
So, we're thinking that if you provide us with the census data, our information will
match your information every single day.
This I also hope will help with the vesting issue.
We still have a small vesting issue with that, that this will correct that vesting
issue as well.
Ms. Anderson.
Really quickly, Jody Justice again, we are working with Mission Square through the
new ERP.
So our ERP transitions team with Vista is we're working on files. So where we'll have a just as we do for eligibility for our
Insurance we're working on an eligibility file that will be automatically uploaded to
To mission square every payroll. So we are that's that's what prompted us to meet Donna yesterday
Kind of I only matter through emails because it was a little busy, but they had
And we'll be working on that transition, and let everybody know it's when we go live is
when that will actually start, so it will be closer to the end of the year.
Thank you, Jodi.
The other thing that this is going to do, it's going to allow us to start a very large
drip campaign for all those people who are not participating.
So creating awareness to all the eligible versus participating, help them enroll,
and we would then be able to do proactive outreach to all of those employees, explain
the program, explain the benefits, and really hand hold them if they want to enroll in this
program.
So I'm excited about this.
This is a great enhancement for us with this program.
The other thing is the data.
The data will get better.
This program actually was rolled out to me earlier in the week so usually my presentation
has some things about the investments, it has demographics, trends, things like that.
I started working on that earlier in the week.
Before I give you anything I need to make sure that the data is correct, so I will
be sending next week to Gillian, to Jodi that presentation, they'll email it out
to you and you'll see the new format and all that information who's just too late to go
to print and have it here for the board to see it prior to that time.
Any questions for me?
So I'd like to ask, the way I understand you had a meeting and objectives agenda, there
were four items, do you need action from us today?
Well, the fight for life, obviously, is something that's out there.
You do have a consultant on this program, and usually that's vetted through the consultant,
but if you wanted to say, yes, I'd like that implemented, we could always add that.
Okay.
And on the RHS self-directed, you mentioned there's options.
Do you need direction from us?
or is this going to be automatically available?
That is not automatic.
If that's something you want to add,
the self-direct brokerage account, we could do that.
What I tell you and what I'd like to do
is really send you the options within the self-direct.
I don't know if you want to have the open architecture
where you just want to allow mutual funds and ETFs.
That would be your decision.
Opening up self-direct is one thing.
What do you want them to be allowed to invest in is another.
Sure.
So you have open architecture now in the self-direct, in the other plan where only four people are doing it.
If you'd like to copy that into the RHS, we could do that as well.
Or again, if you wanted to put guardrails on that and only allow mutual funds, ETFs, and fixed income, we could do that too.
Sure.
I'd like to open it up for comments to see if there is an interest.
I have my own personal opinion, but RHS is a retirement health savings, it's not a time
to be aggressive and start chasing new IPOs, so are there any comments on the desire to
open it? Keep it the same?
That's kind of my comment.
Right and I go back to last meeting
we had a participant that was interested in having open architecture but it was one out
of all the participants so I'm not sure if there's a retiree.
and just just a question for Howard other employers who have opened up RHS how
have they done that I mean what what oh none I have no planned sponsors in my
book of business that have adopted the self-direct brokerage in the RHS so
we
have the option not to go forward with the RHS but in reference to the five
for life why would we not give that additional option it's within the
457 program anyway so it's just another option for personnel I think the
decision is how is it structured is it full open architecture is it limited to
ETFs I mean if you want I know no the fight for life is one investment in a
new system within the 457 so everything is within the same structure as a
457. So it's just giving options out there for people to either elect to go into that
or not. There's really – I don't see any downfall in it. It's not any more aggressive
than a 457 with the same structure.
Okay.
You are correct.
And I did have one question on the five for life. I've seen some annuities out
there where if you're in, let's say, a 401 or 457 that's pre-taxed, if you
You roll over the 457 funds or 401 going into the annuity, the taxation isn't there?
Does this have that option in there?
So this particular product does not.
So it would stay, let's say you're in a pre-tax account, you put pre-tax money into this
particular five-for-life product, the income would come out as taxable.
Let's say you had raw money.
Just like it does now in the 457, having a 20%.
Right, right, but let's say you had Roth money
Right in the 457 after tax then it's comes out it comes out as tax-free income
Okay, there are some options out there as you're probably aware. Yes, rolling a 457 not getting hit with the 20%
Taxation and going into a product like that. So
So we gave Howard direction to do both
RHS I don't know about that one right because for me it's just something that
There are so little participants, four people, and parameters sound better to me.
The annuity sounds like just another good option that can be explained by somebody managing
your account to give you guidance, and then you either choose or don't choose it.
That one, I...
Sure.
Okay.
I can't.
Yeah.
Howard, on the RHS, they're getting some type of return on cash, right?
Right?
Oh, sure.
Sure.
Absolutely.
So, I mean, it's not as though it's just sitting there and not accumulating some type of interest.
Well, they're-
They have investments within the portfolio.
Right.
They do have investments in the RHS.
Right.
Through Mission Square, there's a list of investments they can choose from Target
Fund to MSQ or-
Yeah.
I mean, I think-
Okay.
So I think there's consensus to leave the RHS the way it is and move forward with the
Five for Life as an option within the 457.
If I may jump in and just say, Paul Murray, who is on our team, is dedicated to Define
Contribution work, and I think he's slated to attend your November meeting.
I don't know if you all are interested in hearing from him, his perspective, maybe
before moving forward.
No, I think it's pretty clear.
Yeah, yeah, we can make it available and then he can work with the participants and have a
Consultation and go over you've hit the highlights and the details and it seems like a good option
But thank you. Yeah
Anything else great.
Thank you Howard. All right. The last thing I just wanted to show you the
Website
This is our landing page.
Sorry, since we gave you direction, I need to ask for a motion.
A motion to authorize Mission Square to implement the Five for Life and maintain the RHS as is.
I'll make the motion.
Second.
All in favor?
Aye.
You're not opposed.
Thank you.
All right.
Thank you.
This is the website.
This is our landing page.
Everything that you need to see is really from this great landing page.
We asked employees what they were looking for.
We were told there were a lot of clicks that people needed to get to, to get to certain things.
So this is really where we are.
Everything is right here.
The calculators that they could work on are right off the main page.
Individual, plan sponsor, financial professionals.
channels. All of our products are listed here. And if you do have one, they could actually
log in from this site, talks about our services, our videos, and education, things that they
need are right here on the website. So this is pretty impressive. But the other thing
that I talked about recently was the ability to open up a brokerage account. So if people
wanted to invest outside of the retirement plan, they could actually do that here. They
could enroll in their retirement plan or they could open up a wealth management brokerage
account with us. And this is a couple of clicks. They transfer their assets and they could
start trading. Right now, there's only two features in this brokerage account. It's
as stock trades, and there's no cost for stock trades, but there is a robo-advisor. We will
be rolling out as the year goes on different features within the brokerage account, but
it is something that's available now. And again, it's not retirement specific. It's if people
want to invest their money and keep things in one place.
So I would encourage you
to go on and just take a look at the website. It's missionsquared.com, and I think
you'll find it very user-friendly.
Thank you. Thank you for your time. Thank you.
Jason,
can I ask a quick silly question? Only if it's any other business.
Same login works, Howard?
Yes. Any
other comments, questions, concerns?
Jody, do you have anything?
I'm sorry, I was
Everyone pulling this together in short order and timely, not to discount how important this
meeting is, but we do have a 9.30, I'm looking forward to hearing the market update in detail
during that meeting.
Is there any other public comment, I don't see any.
The next item is the meeting schedule or next schedule meeting is November 13th, 2026
at same time, 8 a.m. This seems to be working well for everyone. We'll keep it
at the same time. Can I get a motion to adjourn?
Motion. Second. Who's the
seconder? A Bob. Miracle. You made the motion or you're the second? I owe a second.
Birch made the motion. Okay. Thank you. All in favor? Aye.
Hi.
None opposed.
Thank you, have a great day.