WV457


Building A Bridge To Your Future    


Accomplishments

June 2014 - Retirement Plus ends Fiscal Year 2014 with more than 15,000 participants and $172 Million in total assets.The active participation rate increases to 35% of eligible state employees, representing a 20% increase since July 2006.

July 2013 - Retirement Plus ends Fiscal Year 2013 with more than 1,700 new enrollments and $149 Million in total assets.

June 2012 – Berkeley, Boone, and Central Hampshire public service districts join Retirement Plus.

February 2012 - Boone County Board of Education and the Town of Fayetteville join Retirement Plus.

December 2011 - Berkeley County Board of Education joins retirement Plus making it the fifth board of education to adopt the 457 Plan.

September 2011 - Retirement Plus participants reach 12,000 total members; doubling the total from July 2006 when the Treasurer's Office became the Plan's administrator.

June 2011 - Sissonville Public Service District joins Retirement Plus, making it the eleventh PSD to join the 457 Plan.

March 2011 - Raleigh County Board of Education adopts Retirement Plus joining Mercer and Wyoming Counties as the third board of education to offer the State's 457 Plan to their employees.

February 2011 - Wyoming County Board of Education joins Retirement Plus becoming the first board of education to adopt the State's 457 Plan.

December 2010 - 43 counties and 37 cities have joined WV Retirement Plus increasing the total political subdivision membership to more than 100 entities.

September 2010 - Nearly $600,000 in matching funds were distributed to eligible state employees.  This marked the third matching deposit with more than $1.5 Million in total funds distributed to date.

June 2010 - 300 plus state employees join the Plan in May and June to become eligible for $200 in contribution matching funds.

December 2009 - The participant base exceeds 10,000 for the first time in Plan history.

October 2009 - More than $500,000 in contribution matching funds are deposited into eligible participant accounts. 

September 2009 - West Virginia Retirement Plus is featured in a national article by Plan Sponsor Magazine

May 2009 - The Treasurer’s Office worked with ING to update the Plan’s investment menu by replacing several existing funds with improved investment options.

March 2009 – Total Plan participants exceed 9,000 with more than 500 political subdivision employees participating

November 2008 – More than 50 cities, counties and other political subdivisions now participate in WV Retirement Plus

October 2008 – The active participation rate increases to 23% of eligible state employees, representing an 8% increase since July 2006.

January 2008 – West Virginia Retirement Plus becomes officially endorsed by the West Virginia Municipal League.