Financial Services
With Our Appreciation
The Western Growers Retirement Security Plan (RSP) was started in 1979 to provide our members with a low cost, institutional platform of investments. The RSP is formed as a Group Trust, which allows multiple employers to unite together to obtain and offer low cost fund options that would not be available in the market place for small- or medium-sized employers. Furthermore, it allows you and your employees to have access to a wide variety of investment options, financial planning assistance and help with funding choices. There currently are 30 employers within our RSP, who service over 1,000 participants and more than $85 million in assets. The RSP investment committee currently consists of eight members who all represent the employers within RSP. Among them are Ron Burke and Milo Ferini, who are retiring this year. Western Growers would like to thank Ron Burke and Milo Ferini for their years of service!
RON BURKE Ron is president and co-founder of Gold Coast Packing in Santa Maria, Calif. Ron has been on the RSP committee since 1984 and is also a former Western Growers director. Ron played an integral role in growing the plan assets of RSP, informing other grower members in his area about the importance of joining the RSP. Ron always took a proactive approach in getting the cost structure down; the ‘all in’ plan expenses of RSP are now down to less than 1 percent for the employers and participants. Ron also saw a need to have the plan not only actively managed, but also encouraged adding passive index funds for participants who wanted an index-only option.
MILO FERRINI Milo first joined the RSP investment committee in 1979, representing Bonipak Produce and RSP for nearly 40 years. Milo has been instrumental since the inception of RSP, and with his investment experience, has helped the committee grow the investment choices in the plan beyond just a traditional mutual fund platform. It was Milo who first implemented separate account managers as a fund selection to the participants. As a requirement to be admitted into the plan offering, Milo insisted that the portfolio manager who was actively managing investments as a fund option, be in attendance at every RSP committee meeting to discuss the investments they were holding.
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