We’re pleased to announce that Daily Valuation is live. Read the Quick Guide to Daily Valuation and get more information below.
Daily Valuation Webinar
Watch our webinar:
“Managing Your Investments with Daily Valuation”
View webinar slides
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What does daily valuation mean?
Valuation is the process of updating participant accounts with investment gains or losses, as well as contributions, distributions, and administrative fees. For retirement plans like ours, this may occur as frequently as daily or as infrequently as annually. Until now, participant accounts have been valued monthly. Going forward accounts will be valued every day the New York Stock Exchange (NYSE) is open. Values will be updated each evening using that day’s closing price. While participants’ accounts will reflect daily market activity, contributions and distributions will continue to be processed monthly and administrative fees processed quarterly.
When will my account balance be updated?
Your account will be updated every day the New York Stock Exchange (NYSE) is open. Values will be updated each evening using that day’s closing price.
How frequently can I change my investments and when will the changes take effect?
With daily valuation, you can make investment changes once every five business days for both Tier I and Tier II funds. Changes will take effect the next day that the New York Stock Exchange (NYSE) is open. The purpose of the 5-day rule, which was recommended by our custodian bank and record keeper and approved by the RPB Board of Trustees, is to minimize transaction costs to the Plan that may result from excessive trading.
For Tier II funds, Vanguard stipulates an additional 30 calendar day frequent trading policy. This policy states that if you own one of Vanguard’s funds directly and decide to reduce or eliminate your allocation to that fund, you cannot go back into, or increase your allocation to, that same fund for 30 calendar days.
Can I cancel or modify an investment change that I made?
Yes, as long as you make the cancellation or modification before the NYSE closes on the day you made the investment change. If you changed your investments when the NYSE was closed, you can cancel or modify that change up until the close of the NYSE on the next business day.
What other enhancements are available with Daily Valuation?
Along with daily balance updates, you will also be able to:
- See daily price history
- Invest future contributions in different funds or with different percentages from current balances
- For retirees, request that the RPB issue distributions from specific funds
- Change your investments more frequently and see the effect of that change the next business day
- View fund performance information in InfoExpress
Where can I find more information?