Deferred Compensation Management Council Meeting

March 21, 2024

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 Thursday, March 21, 2024 to listen to the meeting live.

 

• Meeting Agenda - March 21, 2024

• Item 1 - Call to Order.

• Item 2 - Public Comment.

• Item 3 - Approve the March 21, 2024 Agenda.

• Item 4 - Elect the 2024 Chair and Vice-Chair of the Deferred Compensation Management Council.

• Item 5 - Approve the Action Summary Minutes from the December 7, 2023 meeting.

• 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 Second Quarter Budget Report for the 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan, prepared by County staff.

• Item 8 - Receive and File the 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan Review as of December 31, 2023, prepared by Nationwide Retirement Solutions.

• Item 9 - Receive and File a Report and Approve an Action related to the County of Fresno Stable Value Fund.

  • a. Receive and File a report on Money Market Accounts and Stable Value Funds, prepared by Northwest Capital Management.

  • b. Approve maintaining the County of Fresno Stable Value Fund as an Investment Alternative.

• 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 December 31, 2023, prepared by Northwest Capital Management.

  • b. Approve adding Fidelity Advisor® Real Estate Income I (FRIRX) to the watch list.

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

  • d. Approve removing Metropolitan West Total Return Bond (MWTSX) as an Investment Alternative.

  • e. Approve adding Victory Core Plus Intermediate Bond R6 (URIBX) as an Investment Alternative.

  • f. Approve mapping all assets from Metropolitan West Total Return Bond (MWTSX) to the Victory Core Plus Intermediate Bond R6 (URIBX).