Deferred Compensation Management Council Meeting

March 24, 2022

The meeting will be held at 2:30 p.m. in Room 301 of the Hall of Records, 2281 Tulare Stree, Fresno, CA 93721

Click here at 2:30 p.m. on Thursday, March 24, 2022 to listen to the meeting live.  

 

• Meeting Agenda - March 24, 2022

• Item 1 - Call to Order.

• Item 2 - Public Comment.

• Item 3 - Approve the March 24, 2022 Agenda.

• Item 4 - Elect the 2022 Chair and Vice-Chair of the Deferred Compensation Management Council

• Item 5 - Approve the Action Summary Minutes from the December 16, 2021 meeting.

• Item 6 - Receive and File a Deferred Compensation Plan Participation Report, prepared by County staff.

• Item 7 - Receive and File the 2021-22 Fiscal Year Second Quarter Deferred Compensation Plan Budget Report, prepared by County staff.

• Item 8 - Receive and File the Deferred Compensation Plan Review as of December 31, 2021, prepared by Nationwide Retirement Solutions.

• Item 9 - 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, 2021, prepared by Northwest Capital Management.

  • b. Classify Fidelity Advisor Real Estate Income I (FRIRX) as On Watch.

  • c. Classify the Great-West Target Date Series as To Be Removed.

  • d. Add a new Target Date Fund Series -

    • i. Option #1 (hybrid approach): Add the T. Rowe Price Retirement Blend Trust Series;

    • ii. Option #2: Add Fidelity Freedom Index; or

    • iii. Option #3: Add Vanguard Target Retirement Series.

  • e. Pursuant to direction in Item 9.d, above, remove the Great-West Target Date Series and map all assets to either: the T. Rowe Price Retirement Blend Trust Series (Option #1) or the Fidelity Freedom Index (Option #2) or Vanguard Target Retirement Series (Option #3), in the appropriate target date fund vantage using the new vendor's recommended age bands.