Bay Area Rapid Transit: Retirement Plans

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BART News and Events

BART Fee Structure Change

In order to increase transparency with fees, BART’s Investment Plans Committee (IPC) recently changed from a hybrid fee structure with plan costs paid through a combination of revenue sharing and a flat fee. Revenue sharing is an arrangement in which some investment fund service providers share a portion of the revenue they’ve received for investment management and other services provided with the plan to cover recordkeeping or other plan expenses.

With the new flat fee structure, participants will pay a monthly flat fee of $8.00 per BART plan starting September 15, 2017. Information related to the fee and fund changes were mailed to your address on record. Please see online copies of the mailed packet here. For questions related to these changes, please schedule an appointment with your ICMA-RC Retirement Plans Specialist.

Congratulations to BART for Reaching $1 Billion in 401(a) and 457(b) Retirement Plan Assets in 2017

The BART Retirement Plans have grown to over $1 billion dollars because participants like you understand the importance of saving additional money for retirement. 88% of BART employees are already saving in the 457 Plan and contributing an average of $402 per pay period.

Do you need to save more?

  1. Use the Am I on Track tool to see if you are on track or need to save more for retirement.
  2. Login to EmployeeConnect to increase your contributions.
  3. Choose auto-escalator on the contribution form to automatically save more each year.

BART Health & Wealth Fair (3/18) Cancelled

As employers are taking precautions at this time, many vendors are not able to attend this year’s Health and Wealth Fair. Therefore, BART is cancelling the Health and Wealth Fair and Retirement Workshop scheduled for March 18, 2020 and will look for an opportunity to reschedule at a later time.

Thank you for your understanding.

Coronavirus (COVID-19) Update

Out of an abundance of caution, we are suspending in-person and walk-in appointments until further notice. ICMA-RC Retirement Plans Specialists will meet with participants via phone, email and virtual meeting capabilities.

Contact Your Representative

Susan Chang
Susan Chang,
Retirement Plans Specialist
(866) 620-6064
BARTretirement@icmarc.org
Ray Ortiz
Ray Ortiz,
Retirement Plans Specialist
(888) 883-8571
BARTretirement@icmarc.org
Joanne Holan
Joanne Holan,
CERTIFIED FINANCIAL PLANNERTM
(877) 313-8317
JHolan@icmarc.org