Deferred Compensation Management Council Meeting

September 26, 2019

Meeting to be held at 1:30 p.m. in Room 301 of the Hall of Records, 2281 Tulare Street, Fresno, CA 93721

Click here at 1:30 p.m. on Thursday, September 26, 2019 to listen to the meeting live

 

• Meeting Agenda - September 26, 2019

• Item 1 - Call to Order.

• Item 2 - Public Comment.

• Item 3 - Approve the September 26, 2019 Agenda.

• Item 4 - Approve the Action Summary Minutes from the May 23, 2019 meeting.

• Item 5 - Receive and File and Approve Actions related to the County of Fresno Deferred Compensation Plan Budget.

  • a. Receive and File the 2018-19 Fiscal Year-End Deferred Compensation Plan Budget Report, prepared by County staff.

  • b. Approve a pro rata distribution of $79,951 to current Deferred Compensation Plan participants based on each participant's percentage of Deferred Compensation Plan assets as of June 30, 2019.

• Item 6 - Approve Actions related to the ongoing Deferred Compensation Plan Record-keeper RFP process.

  • a. Approve the Ad-Hoc RFP Subcommittee's recommendation to retain Nationwide Retirement Solutions as the Deferred Compensation Plan Record-keeper on a three (3) year agreement with two (2) one-year renewals.

  • b. Pursuant to Section 8.02 of the County of Fresno 457(b) Deferred Compensation Plan Document, direct staff to negotiate a service agreement with Nationwide Retirement Solutions for submission to the Board of Supervisors for approval.

• Item 7 - Approve the proposed amended Deferred Compensation Management Council Bylaws (5 vote requirement) and direct staff to submit the proposed amended Bylaws to the Board of Supervisors for approval.

• Item 8 - Receive a Verbal Report on the 2019 National Association of Government Defined Contribution Administrators conference by Member Seymour, County staff and Northwest Capital Management.

• Item 9 - Receive and File and Approve Actions related to Participant Outreach and Education.

  • a. Receive and File a Plan Outreach Report, prepared by County staff and Nationwide Retirement Solutions.

  • b. Approve a Retiree Outreach Luncheon Action Plan, as recommended or with amendments, and direct staff and Nationwide Retirement Solutions to host an event in the first half of 2020.

• Item 10 - Receive and File and Approve Actions related to Deferred Compensation Plan Investments.

  • a. Receive and File the Deferred Compensation Plan Investment Review as of June 30, 2019, prepared by Northwest Capital Management.

  • b. Approve placement of the Ivy International Core Equity Fund - Class N on the Watch List.

• Item 11 - Receive and File the Deferred Compensation Plan Review as of June 30, 2019, prepared by Nationwide Retirement Solutions.