Defined Contribution Plans committee
The Defined Contribution Plans Committee was formed by resolution and was established to assist the City with the oversight and governance of the City's 401(a), 457(b), and Health Reimbursement Arrangement plans ("Plans"). The responsibilities of the committee are as follows: 1) Develop an Investment Policy Statement for the Plans, and recommend approval of that statement by the City Council; 2) Annually review the Investment Policy Statement for the Plans, including an assessment of the available asset classes; 3) Annually review the Fee and Expense Policy Statement for the Plans; 4) Annually review Summary Plan Descriptions; 5) Selection of investment options, monitoring of the performance of investments options, and termination, replacement and addition of investment options offered under the Plans; 6) Evaluation and voting of prescribed investment option proxies as required; 7) Evaluation, recommendation, and monitoring of third parties that provide services to the Plans; 8) Review of potential amendments to the Plans, and make recommendations to the City Council; 9) Ensure the service provider(s) to the Plans are providing appropriate education and other services to plan participants; 10) Stay apprised of industry standards and best practices to discharge their functions as Committee members; and 11) Maintain all necessary records for the administration of the Plans.
2019 COMMITTEE MEETING SCHEDULE
Meetings are held in the Historic City Hall Hearing Room, HCHR201
January 9, 2019 at 10:00 a.m.
March 14, 2019 at 2:00 p.m.
April 3, 2019 at 10:00 a.m.
July 17, 2019 at 10:00 a.m.
October 16, 2019 at 10:00 a.m.
COMMITTEE DETAILS AND ROSTER
City Council Resolution to Authorize the Formation of the Defined Contribution Plans Committee
Defined Contribution Plans Committee Bylaws, Fee and Expense Policy Statement, and Investment Policy Statement
Committee Member Roster
COMMITTEE AGENDAS
January 9, 2019 Meeting Agenda
March 14, 2019 Meeting Agenda
April 3, 2019 Meeting Agenda
Supplemental Material for April 3, 2019, Agenda Item 6 - Defined Contribution Plans Administrative Fees
Audio Recordings of Defined Contribution Plans Committee Meetings
January 9, 2019 Meeting Audio Recording
March 14, 2019 Meeting Audio Recording
April 3, 2019 Meeting Audio Recording
NEED ASSISTANCE OR HAVE QUESTIONS?
We are happy to assist you. Please contact us via email at: clerk@cityofsacramento.org, or by phone at (916) 808-7200.