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PRB Fund Profile | Municipal / Other

DART Employees

A public PRB/SB 322 snapshot for Summer Forum preparation. The visible data below comes from PRB public sources only. Paid dashboard fields are intentionally blurred and locked.

#21 of 100 by AUM $100M+ FYE September 30, 2024 PRB plan #107
Assets $227M #21 of 100 by AUM
Funded ratio 89.6% Latest PRB/SB 322 public value
10Y return 6.63% Assumption 6.25%
Members 904 40 active / 864 annuitants
Investment expense 0.37% % of assets, SB 322
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Published by Simpli-FI Events, using public PRB data.

This page is an event companion profile built from public regulatory data for Summer Forum planning and source review.

No financial advice. Nothing here is investment, actuarial, legal, fiduciary, procurement, provider-selection, or financial advice. Verify current source documents before formal decisions.

Returns and assumptions

Reported performance

1-year return
15.45%
3-year return
3.89%
10-year return
6.63%
Return assumption
6.25%
10Y vs assumption
+0.38 pts

Returns are net-of-fees as reported to the Texas Pension Review Board in the SB 322 Investment Data Report.

Asset allocation

Portfolio composition

Asset classAllocationClass expense
Real Estate N/A 0.03%
Fixed Income 36.85% 0.05%
Equities 51.18% 0.18%
Cash 3.65% 0.00%

Displayed percentages are the reported SB 322 allocation rows. The bar normalizes visible categories when rounding or blank rows make totals differ from 100%.

Investment expense breakdown

SB 322 expense categories

Total investment expense
0.37%
Total direct + indirect
0.26%
Audit investment expense
0.27%

Service-level detail

Service category% of assets
Investment consultant 0.04%
Custodial 0.07%
Legal 0.00%
Research 0.00%
Other 0.00%
Total services 0.11%

The PRB services line is an expense category, not a firm-name field. Provider names stay locked unless a source-backed public record exists in the off-site Simpli-FI Signal Desk workspace.

Benefits and membership

PRB public plan detail

Active members
40
Annuitants
864
Employee contribution
0.00%
Employer contribution
101.40%
Contribution type
Actuarial
Social Security
Yes

Tier 1

Tier 1 Eligible Members
Participants of previous plans as of 9/30/1995
Age/YCS
60/10
Benefit Formula
Years of Credited Service before 10/01/1983 x 2.00% x Final Average Salary + Years of Credited Service after 10/01/1983 x 1.50% x Final Average Salary
Final Average Salary
Highest 36 months
COLA 100% of CPI as of 9/30, max 5% DROP/PROP Provisions
PLOP, monthly benefit reduced 20% and a partial payment actuarially equivalent to 20% of monthly payment paid as lump sum.
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What stays locked in the free forum guide

Provider relationships Service provider database Consultants, custodians, managers, counsel, actuaries, auditors, source links, and relationship notes where verified. Learn about Signal Desk Governance graph Board, staff, and relationship context Named fiduciaries, leadership changes, board composition, meeting-source links, and relationship history when source-backed. Learn about Signal Desk Research ledger Disclosures and historical return library Source-file history, Investment Practices and Performance Evaluation notes, return methodology, and follow-up workflow. Learn about Signal Desk