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Plan Investing

Dechert-Hampe & Company Employees Savings and Profit Sharing Plan

The Restructured Plan (Effective April 1, 2009) offers two primary investing venues, one with Vanguard Mutual Funds and the other with Charles Schwb & Co.

Within the Vanguard Mutual Funds Venue are two sub-sets of mutual funds: First, a set of 13 "Select" Vanguard funds including both active and passive -managed money market, bond, balanced, and stock -oriented funds that are selected, monitored and replaced as necessary by the Plan's independent investment advisor. And second, the comprehensive sets of Vanguard's Target Retirement and Life Strategy funds. We call this set our "Auto-Balanced" Vanguard Funds Venue.

Each link below provides comprehensive resources of information on the Plan's investment alternatives.

Participants may maintain accounts in either or both the Vanguard and Schwab PCRA® Venues.

Administrative Fees

The Plan assesses quarterly a 0.075% (7.5 cents per $100 of account value or 7.5 basis points "bps") administrative fee effective the first business day of each calendar quarter on ALL participant account balances. This accumulates to approximately 30bps per year (30 cents per $100 of account value.) DHC/MWC Companies underwrite all administrative and legal expenses to provide the Plan; the 30bps administrative charge (per year) against participant account balance covers approximately 40% (depending upon total account market values) of ongoing administrative cost. All remaining ongoing and non-recurring administrative and legal costs are absorbed by DHC/MWC Companies.

Transfers between Schwab PCRA® and Vanguard Venues

Transfers between the Vanguard and Schwab Venues are processed at your direction in accordance with rules dictated by the Plan Administrator. To move all or a portion of your Plan account balance between the Schwab and Vanguard Investment Venues, compete and submit a Schwab PCRA® to/from Vanguard Venue Transfer Request.

  • IMPORTANT NOTE FOR VANGUARD SELECT FUNDS VENUE: Effective April 2, 2019, the Plan Trustees have authorized the Plan Administrator to replace the Vanguard Morgan Growth Admiral Class Fund (VMRAX) with the Vanguard U.S. Growth Admiral Fund (VWUAX) within the investment options available in the Vanguard Select Funds Venue. This MARCH 2019 FUND REPLACE MEMO notice includes a comprehensive explanation of the Trustee decision, the administrative process that will be used to implement the replacement, and how Plan participants might utilize the Vanguard Select Funds Venue fund options to enhance investment diversification. Participation in the replacement fund is absolutely optional at individual participant discretion.
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