Deferred Compensation Management Council Meeting

December 7, 2023

The meeting will be held at 3:30 p.m. at the Fresno County Employees Retirement Association, 7772 N. Palm Ave., Fresno, CA 93711

Click here at 3:30 p.m. on Thursday, December 7, 2023 to listen to the meeting live.

 

• Meeting Agenda - December 7, 2023

• Item 1 - Call to Order.

• Item 2 - Public Comment.

• Item 3 - Approve the December 7, 2023 Agenda.

• Item 4 - Approve the Action Summary Minutes from the September 28, 2023 meeting.

• Item 5 - Approve the 2024 Deferred Compensation Management Council meeting schedule:

  • a. Thursday, March 21 at 1:30 p.m.

  • b. Thursday, June 20 at 1:30 p.m.

  • c. Thursday, September 26 at 1:30 p.m.

  • d. Thursday, December 12 at 1:30 p.m.

• Item 6 - Receive and File the Deferred Compensation Plan participation report, prepared by County staff.

• Item 7 - Receive and File the 2023-24 Fiscal Year First Quarter Budget Report for the 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan, prepared by County staff.

• Item 8 - Appoint up to three (3) members of the Deferred Compensation Management Council to a Subcommittee which will oversee the Request for Proposals (RFP) process for the next 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan Record-Keeper.

• Item 9 - Receive and File the 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan Review as of September 30, 2023, prepared by Nationwide Retirement Solutions, and the 2023 Retirement Plan Research Report dated November 2023, prepared by Big Village Insights for Nationwide Retirement Solutions.

• Item 10 - Receive and File Reports and Approve Actions related to the 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan Investments.

  • a. Receive and File the 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan Investment Reviews as of September 30, 2023, prepared by Northwest Capital Management.

  • b. Approve keeping Invesco Developing Markets R6 (ODVIX) on the watch list.

  • c. Approve keeping Metropolitan West Total Return Bd Plan (MWTSX) on the watch list.