Vanguard 500 Index Used for U.S. Equity Exposure
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Description
The Gainesville Retirement Plan A holds over $13.2 million in the Vanguard 500 Index, leveraging low-fee passive investment management.
Contract Details
Contract Amount
$13,202,766 (as of 12/31/2024); 0.040% of assets (estimated annual fee $5,281)
Vendor
VANGUARD 500 INDEX
Agency
City of Gainesville, GA
Contract Type
FINANCIAL_SERVICES
Document Date
February 11, 2025
Contract Term
Ongoing, as of December 31, 2024
Renewal Info
Ongoing index fund investment; reviewed annually as part of the plan's provider evaluation.
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