Deferred Compensation Management Council Meeting

December 11, 2025

The meeting will be held at 2:00 p.m. at the Fresno County Employees Retirement Association, 7772 N. Palm Ave., Fresno, CA 93711

Click here at 2:00 p.m. on Thursday, December 11, 2025 to listen to the meeting live.

 

• Meeting Agenda - December 11, 2025

• Item 1 - Call to Order.

• Item 2 - Public Comment.

• Item 3 - Approve the December 11, 2025 Agenda.

• Item 4 - Approve the Action Summary Minutes from the September 11, 2025 meeting.

• Item 5 - Approve the 2026 Deferred Compensation Management Council meeting schedule:

  • a. Thursday, March 26 at 10:30 a.m.

  • b. Thursday, June 25 at 10:30 a.m.

  • c. Thursday, September 24 at 2:00 p.m.

  • d. Thursday, December 17 at 10:30 a.m.

• Item 6 - Receive a Verbal Report from County staff regarding the 2025 National Association of Government Defined Contribution Administrators (NAGDCA) Conference.

• Item 7 - Receive and File the 457(b) Deferred Compensation Plan participation report, as of November 9, 2025, prepared by County staff.

• Item 8 - Receive and File the 2025-26 Fiscal Year First Quarter Budget Report for the 457(b)
  Deferred Compensation Plan and 401(a) Defined Contribution Plan, prepared by County
  staff.

• Item 9 - Receive and File Reports prepared by Northwest Capital Management 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, 2025, Fidelity
    Advisor® Real Estate Income Fund (FRIRX) Memo, Stable Value Fund Overview
    and Market Landscape Memo: Fresno Stable Value Fund.

  • b. Approve keeping T. Rowe Price Mid-Cap Growth (RPTIX) on the watch list.

  • c. Approve keeping T. Rowe Price Overseas Stock I (TROIX) on the watch list.

  • d. Approve keeping Victory Core Plus Intermediate Bond R6 (URIBX) on the watch list.

  • e. Approve keeping Fidelity Advisor® Real Estate Income I (FRIRX) on the watch list.

  • f. Direct Northwest Capital Management to conduct a formal evaluation of the
    current stable value fund universe.

• Item 10 - Receive and File the 457(b) Deferred Compensation Plan and 401(a) Defined Contribution Plan Performance Reports as of September 30, 2025, prepared by Nationwide Retirement Solutions.