The employees of Dominion Power are offered a 401(k) SAVINGS PLAN for their retirement benefits. This plan allows employees to save money in a tax sheltered account for their retirement. As an added incentive, there is a company match for contributions to this plan. The following are the choices for employees who wish to select their own individual mutual funds or separately managed accounts.
S&P 500 Index Fund – This is a stock mutual fund that is designed to match the performance of the S&P 500 stock index.
Small/Mid Cap Equity Index Fund – This is a stock mutual fund designed to invest in the Dow Jones Total Stock Market index with the exception of the stocks in the S&P 500.
International Equity Fund – This is a stock mutual fund that invests in companies located outside of the United States.
Emerging Markets Equity Fund – This is a stock mutual fund that invests in companies in countries that are considered “Emerging” rather than “Developed.” Examples of Emerging Markets include Brazil, China, India, Korea and Mexico.
International Bond Fund – This is a bond mutual fund that invests in bond issued by governments and companies outside the United States.
Intermediate Bond Fund – This is a bond “Separate Account” that invests in government and corporate bonds in both the United States and in other countries.
1 to 3 Year Bond Fund – This is a bond mutual fund that invests in short-term bonds issued by corporations, the United States government and agencies.
Dominion Money Market Fund – This is a “Separate Account” that invests in high quality very short term assets designed to preserve capital.
Real Estate Fund – This is a “Separate Account” that invests in stocks of companies in the real estate business.
Multi-Asset Class Inflation Managed Fund – This is a mutual fund that invests in a large variety of assets including stocks, bonds, commodities and real estate.
Company Stock Fund – This is the option for employees who want to invest in Dominion stock.
Call us for more information.
Like this:
Like Loading...
A quick market roundup, Wednesday 2/24/2016 at 3:00 PM
U.S. equities have recovered from this morning’s decline caused by disappointing reads on housing and services sector activity and oils price declines in the morning. The U.S. dollar is up marginally. European and Japanese stocks were pressured by oil & gas and basic materials issues. Oil continues to drive the market.
Share this:
Like this: