City of Rockville Retirement Board Agenda May 2026
Principal Index Fund Provides Low-Cost Large Cap Exposure
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Description
Principal’s Large Cap Stock Index fund manages approximately $25.9 million for the Rockville Pension Plan at an estimated fee of 0.1% of assets, or about $12,961 annually. The low-cost index strategy provides core U.S. equity exposure for the plan.
Contract Details
Contract Amount
$12,961 per year (estimated)
Vendor
PRINCIPAL LARGE CAP STOCK INDEX
Agency
City of Rockville, MD
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
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