Michael J. McCord
Under Secretary of Defense (Comptroller)/Chief Financial Officer
Observations
- Millionaire
Estimated Net Worth
- $2.5 M - $5.5 M
Salary
- Unknown
Employment
- Started 05/28/2021
Financial Disclosure Details - OGE Form 278e (04/28/2023)
Positions Held Outside United States Government
# | Organization | City | Position | To |
|---|---|---|---|---|
1 | Washington, District of Columbia | Fellow | Present |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
|---|---|---|---|---|
1 | Vanguard Target Retirement 2025 Fund Investor Class Shares (VTTVX) | $1,001 - $15,000 | None (or less than $201) | |
2 | Vanguard/Wellington Fund, Inc Investor Shares (VWELX) | $15,001 - $50,000 | None (or less than $201) | |
3 | Vanguard International Explorer Fund Investor Shares (VINEX) | $15,001 - $50,000 | None (or less than $201) | |
4 | Vanguard Total International Bond Index Fund Admiral Class Shares (VTABX) | $1,001 - $15,000 | None (or less than $201) | |
5 | Vanguard Target Retirement 2025 Fund Investor Class Shares (VTTVX) | $15,001 - $50,000 | None (or less than $201) | |
6 | Vanguard/Wellington Fund, Inc Admiral Shares (VWENX) | $50,001 - $100,000 | None (or less than $201) | |
7 | Vanguard LifeStrategy Growth Fund Investor Shares (VASGX) | $1,001 - $15,000 | None (or less than $201) | |
8 | Vanguard International Explorer Fund Investor Shares (VINEX) | $15,001 - $50,000 | None (or less than $201) | |
9 | Institute for Defense Analyses 403b Plan: Vanguard Institutional Target Retirement 2025 Fund Institutional Class Shares (VRIVX) | $1,001 - $15,000 | None (or less than $201) |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
|---|---|---|---|---|
1 | Charlotte, North Carolina | I will continue to hold the asset from this defined contribution plan. The plan sponsor will not make any further contributions. The asset for this defined contribution plan is listed in Part 2, item 9. | 7/2017 | |
2 | Reston, Virginia | My consulting business will be inactive during my appointment. All outstanding client fees were fixed | 3/2021 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
|---|---|---|---|
Nothing reported in this section | |||
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | Jones & Rostant, P.C. (Law firm) | salary | ||
2 | Jones & Rostant, P.C. | $1,001 - $15,000 | None (or less than $201) | |
3 | T Rowe Price Growth Stock Fund, Inc (PRGFX) | $250,001 - $500,000 | None (or less than $201) | |
4 | T Rowe Price Small-Cap Value Fund, Inc (PRSVX) | $50,001 - $100,000 | None (or less than $201) | |
5 | T Rowe Price Dividend Growth Fund, Inc (PRDGX) | $250,001 - $500,000 | None (or less than $201) | |
6 | T Rowe Price Mid-Cap Growth Fund, Inc (RPMGX) | $100,001 - $250,000 | None (or less than $201) | |
7 | T Rowe Price Capital Appreciation Fund (PRWCX) | $500,001 - $1,000,000 | None (or less than $201) | |
8 | T Rowe Price Extended Equity Market Index Fund (PEXMX) | $50,001 - $100,000 | None (or less than $201) | |
9 | T Rowe Price New Asia Fund (PRASX) | $100,001 - $250,000 | None (or less than $201) | |
10 | T Rowe PriceGlobal Stock Fund (PRGSX) | $250,001 - $500,000 | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | U.S. credit union #1 (cash) | $250,001 - $500,000 | Interest | $2,501 - $5,000 |
2 | U.S. bank #1 (cash) | $15,001 - $50,000 | None (or less than $201) | |
3 | Vanguard Cash Reserves Federal Money Market Fund (VMMXX) | $1,001 - $15,000 | None (or less than $201) | |
4 | Vanguard 500 Index Fund Admiral Shares (VFIAX) | $50,001 - $100,000 | $1,001 - $2,500 | |
5 | Vanguard Intermediate-Term Investment- Grade Fund Investor Shares (VFICX) | $15,001 - $50,000 | $201 - $1,000 | |
6 | Vanguard International Explorer Fund Investor Shares (VINEX) | $1,001 - $15,000 | $201 - $1,000 | |
7 | Vanguard Limited-Term Tax-Exempt Fund Investor Shares (VMLTX) | $15,001 - $50,000 | $201 - $1,000 | |
8 | Vanguard Real Estate Index Fund Admiral Shares (VGSLX) | $1,001 - $15,000 | $201 - $1,000 | |
9 | Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) | $15,001 - $50,000 | $201 - $1,000 | |
10 | Vanguard/Wellington Fund, Inc Admiral Shares (VWENX) | $50,001 - $100,000 | $5,001 - $15,000 |
Transactions
# | Description | Type | Date | Amount |
|---|---|---|---|---|
1 | T. Rowe Price International Bond Fund (USD Hedged) T. Rowe Price International Bond Fund (USD Hedged)-I Class (TNBMX) | Purchase | 03/14/2022 | $15,001 - $50,000 |
2 | T Rowe Price Dividend Growth Fund, Inc (PRDGX) | Purchase | 09/30/2022 | $15,001 - $50,000 |
3 | T Rowe Price Capital Appreciation Fund (PRWCX) | Purchase | 09/30/2022 | $15,001 - $50,000 |
4 | T Rowe Price Small-Cap Value Fund, Inc (PRSVX) | Purchase | 09/30/2022 | $1,001 - $15,000 |
5 | T Rowe Price Spectrum Fund, Inc - Spectrum Income Fund (RPSIX) | Purchase | 09/30/2022 | $1,001 - $15,000 |
Liabilities
# | Creditor | Amount | Incurred | Term |
|---|---|---|---|---|
Nothing reported in this section | ||||
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
|---|---|---|---|---|
Nothing reported in this section | ||||
Endnotes
Section | # | Description |
|---|---|---|
1 | 1 | This is an unpaid position. Service on specific expert panels may be compensated, but I did not serve on any such panels in 2022. Per my ethics agreement, I will not be an active participant in the Academy during my service as Under Secretary of Defense. |
3 | 2 | LLC operations ceased May 31, 2021 |
7 | 1 | SEP investment for 2021 |
7 | 2 | Annual SEP investment for 2022 |
7 | 3 | Annual SEP investment for 2022 |
7 | 4 | Annual SEP investment for 2022 |
7 | 5 | Annual SEP investment for 2022 |
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