Deferred Compensation Management Council Meeting

March 11, 2020

The meeting will 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 Wednesday, March 11, 2020 to listen to the meeting live

 

• Meeting Agenda - March 11, 2020

• Item 1 - Call to Order.

• Item 2 - Public Comment.

• Item 3 - Approve the March 11, 2020 Agenda.

• Item 4 - Approve the Action Summary Minutes from the December 19, 2019 meeting.

• Item 5 - Receive and File the 2019-20 Fiscal Year Second Quarter Deferred Compensation Plan Budget Report, prepared by County staff.

• Item 6 - Direct staff to appoint a Deferred Compensation Plan Consultant RFP evaluation committee or appoint one or more Council Members to work with staff on the RFP evaluation committee.

• Item 7 - Receive and File and Approve Actions related to Deferred Compensation Plan Investments.

  • a. Receive and File the Deferred Compensation Plan Investment Review as of December 31, 2019, prepared by Northwest Capital Management.

  • b. Classify Ivy International Core Equity Fund - Class N (IINCX) and Templeton Global Bond fund (FBNRX) as To Be Removed.

  • c. Add the following funds: T. Rowe Price Overseas (TROIX) and Alger Spectra - Class Y (ASPYX).

  • d. Remove the Ivy International Core Equity Fund - Class N (IINCX) and map all assets to the T. Rowe Price Overseas fund (TROIX).

  • e. Remove the Alger Spectra Z (ASPZX) fund and map all assets to the Alger Spectra Y (ASPYX) fund.

  • f. Remove the Templeton Global Bond R6 fund (FBNRX) and map all assets to either: a participant's age-appropriate Great-West Lifetime Target Date fund or the Vanguard Total International Bond Index fund (VTABX).

  • g. Pursuant to direction in Item 7.f, add the Vanguard Total International Bond Index fund (VTABX).

• Item 8 - Receive and File the Deferred Compensation Plan Review as of December 31, 2019, prepared by Nationwide Retirement Solutions.

• Item 9 - Receive and File a Participant and Employee Engagement Plan, prepared by Nationwide Retirement Solutions.