Richard Kloster
The data on this page comes from a financial disclosure filed by Richard Kloster, who was picked to be: Board Member, Surface Transportation Board. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Integrity Rail Partners, Inc. (Consulting) | $500K - $1M | $134K | Business Income | 1 | |
| IRA Rollover from GE 401K | 2 | ||||
| Schwab Treasury Obligations Money Fund Investor Class Shares (SNOXX) | $15,001 - $50,000 | None (or less than $201) | 2.1 | ||
| ALPS/Smith Total Return Bond Fund Class I Shares (SMTHX) | $100K - $250K | None (or less than $201) | 2.2 | ||
| Cliffwater Corporate Len (CCLFX) | $1,001 - $15,000 | None (or less than $201) | 2.3 | ||
| DoubleLine Total Return Bond Fund Class I Shares (DBLTX) | $15,001 - $50,000 | None (or less than $201) | 2.4 | ||
| Virtus Seix Floating Rate High Income Fund Class I Shares (SAMBX) | $15,001 - $50,000 | None (or less than $201) | 2.5 | ||
| Akre Focus Fund Institutional Class Shares (AKRIX) | $15,001 - $50,000 | None (or less than $201) | 2.6 | ||
| GQG PartnersEmerging Markets Equity Fund Institutional Class Shares (GQGIX) | $15,001 - $50,000 | None (or less than $201) | 2.7 | ||
| Harbor Small Cap Value Fund Institutional Class Shares (HASCX) | $15,001 - $50,000 | None (or less than $201) | 2.8 | ||
| Harding Loevner International Equity Portfolio Institutional Class Shares (HLMIX) | $15,001 - $50,000 | None (or less than $201) | 2.9 | ||
| RBC Emerging Markets Equity Fund Class I Shares (REEIX) | $15,001 - $50,000 | None (or less than $201) | 2.10 | ||
| Variant Alternative Income Fund (NICHX) | $15,001 - $50,000 | None (or less than $201) | 2.11 | ||
| Versus Capital Real Estate (VCMIX) | $15,001 - $50,000 | None (or less than $201) | 2.12 | ||
| ISHARES CORE MSCI EAFE ETF (IEFA) | $15,001 - $50,000 | None (or less than $201) | 2.13 | ||
| iShares Gold Trust (IAU) | $15,001 - $50,000 | None (or less than $201) | 2.14 | ||
| iShares Russell 2000 Growth ETF (IWO) | $15,001 - $50,000 | None (or less than $201) | 2.15 | ||
| Proshares S&P 500 Dividend Aristocrats ETF (NOBL) | $15,001 - $50,000 | None (or less than $201) | 2.16 | ||
| iShares Core S&P 500 ETF (IVV) | $15,001 - $50,000 | None (or less than $201) | 2.17 | ||
| Rescar 401K Account (Empower custodian) | 3 | ||||
| JPMorgan SmartRetirement 2025 Fund Class R5 Shares (JNSIX) | $100K - $250K | None (or less than $201) | 3.1 | ||
| Trad IRA -- Filer | 4 | ||||
| Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) | $1,001 - $15,000 | None (or less than $201) | 4.1 | ||
| Sprott Physical Gold & Silver Trust Unit (CEF) | $1,001 - $15,000 | None (or less than $201) | 4.2 | ||
| Roth IRA -- Filer | 5 | ||||
| Vanguard Real Estate Index Fund Admiral Shares (VGSLX) | $1,001 - $15,000 | None (or less than $201) | 5.1 | ||
| Vanguard Target Retirement 2025 Fund Investor Class Shares (VTTVX) | $15,001 - $50,000 | None (or less than $201) | 5.2 | ||
| General Electric Defined Benefit Plan (value not readily ascertainable) | $22,689 | Retirement Payments (annual) | 6 | ||
| Gerson Lehrman Group (expert network consulting) | $5,858 | Consulting Income | 7 | ||
| AlphaSights (expert network consulting) | $7,333 | Consulting Income | 8 | ||
| Capvision (expert network consulting) | $1,675 | Consulting Income | 9 | ||
| Guidepoint (expert network consulting) | $558 | Consulting Income | 10 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| Rescar 401K Account (Empower custodian) | I will continue to participate in this defined contribution plan, but the plan sponsor no longer makes contributions. (2012-10-01) | 1 | |
| General Electric Defined Benefit Plan | I will continue to participate in this defined benefit plan. (2018-07-01) | 2 | |
| Integrity Rail Partners, Inc. | My consulting business will be placed into inactive status upon confirmation. All outstanding client fees will be fixed before I enter government service. (2019-11-01) | 3 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
| Organization | Description | Endnote | Line No. |
|---|---|---|---|
| Integrity Rail Partners, Inc. | Services as President | 1 | |
| Leonard Green & Partners | Consulting on potential acquisition | 2 | |
| Penthol LLC USA | Procurement and logistics support | 3 | |
| PLG Consulting | Analytical and forecasting services for: Professional Services Corporation; Greenbriar Partners; Marmon Rail; VLS Environmental Solutions; PNW Railcar; and Inserv, Inc. | 4 | |
| Amergin Asset Management | Analytical and forecasting services for various rail equipment related consulting projects | 5 | |
| Sumitomo Corporation of America | Advisor to company on various rail and rail equipment related projects | 6 | |
| EQT Group | Analytical and forecasting services on rail equipment services related acquisition project | 7 | |
| Logistics Capital & Strategy | Analytical and forecasting services for: Goldman Sachs; and Cathcart Rail | 8 | |
| Davidson Kempner Capital Management | Analytical and forecasting services for various rail equipment related consulting projects | 9 | |
| Marmon Group | Analytical and forecasting services for various rail equipment related consulting projects | 10 | |
| FreightCar America, Inc. | Analytical and forecasting services for various rail equipment related consulting projects | 11 | |
| The InStar Group, LLC | Analytical and forecasting services for various rail equipment related consulting projects | 12 | |
| Infinity Transportation | Analytical and forecasting services for various rail equipment related consulting projects | 13 | |
| ExxonMobil Corporation | Analytical and forecasting services for various rail equipment related consulting projects | 14 | |
| Macquarie Capital | Analytical and forecasting services for various rail equipment related consulting projects | 15 | |
| Blackstone | Analytical and forecasting services for various rail equipment related consulting projects | 16 | |
| L. E. Peabody & Associates, Inc. | Analytical and forecasting services for: Freeport MacMahon | 17 | |
| Boston Consulting Group | Analytical and forecasting services for various rail equipment related consulting projects | 18 | |
| A. Stucki Company | Analytical and forecasting services for various rail equipment related consulting projects | 19 | |
| Gerson Lehrman Group | Analytical and forecasting services for GLG clients: All clients were individually below the reporting threshold. | 20 | |
| AlphaSights | Analytical and forecasting services: All clients were individually below the reporting threshold. | 21 |
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Teacher Retirement System (TRS) of the State of Illinois, defined benefit plan (value not readily ascertainable) | Annual Retirement Payments | 1 | |||
| Illinois Municipal Retirement Fund (IMRF), defined benefit plan (value not readily ascertainable) | Annual Retirement Payments | 2 | |||
| U.S. bank #1: IRA CD | $1,001 - $15,000 | None (or less than $201) | 3 | ||
| U.S. bank #1: IRA CD | $1,001 - $15,000 | None (or less than $201) | 4 | ||
| U.S. bank #2: IRA CD | $1,001 - $15,000 | None (or less than $201) | 5 | ||
| Trad IRA -- Spouse | 6 | ||||
| Vanguard Federal Money Market Fund Investor Shares (VMFXX) | $1,001 - $15,000 | None (or less than $201) | 6.1 | ||
| Vanguard/Wellington Fund, Inc Investor Shares (VWELX) | $1,001 - $15,000 | None (or less than $201) | 6.2 | ||
| Roth IRA -- Spouse | 7 | ||||
| Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) | $1,001 - $15,000 | None (or less than $201) | 7.1 | ||
| Vanguard/Wellington Fund, Inc Investor Shares (VWELX) | $15,001 - $50,000 | None (or less than $201) | 7.2 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
