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. 

2020 Committee Meeting schedule

Meetings are held in the Historic City Hall Hearing Room, HCHR201 and start at 10:00 a.m., unless otherwise noted.

January 15, 2020
February 25, 2020
May 28, 2020 - meeting cancelled
June 17, 2020 - meeting cancelled
August 20, 2020 (online meeting)

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 meeting AGENDAS

2020 Meetings

January 15, 2020
Supplemental Material for January 15, 2020, Agenda Item 4 - VantageCare Retirement Health Savings Program Brochure
February 25, 2020 
Supplemental Material for February 25, 2020
457 - Plan 005551-5001 2019 4th Quarter Investment Report
457 - Plan 005551-5001 2019 4th Quarter Report 401(a) - Plan 005551-6001 Management 2019 4th Quarter Report
401(a) - Plan 005551-7001 City Council 2019 4th Quarter Report
401(a) - Plan 005551-8001 WCE, L39 Sup, Confidential 2019 4th Quarter Report
2020 Nationwide Marketing Plan

2019 Meetings

January 9, 2019
March 14, 2019
April 3, 2019 and Supplemental Material for April 3, 2019, Agenda Item 6 - Defined Contribution Plans Administrative Fees
July 17, 2019
September 18, 2019
October 16, 2019

committee meeting minutes

January 9, 2019
March 14, 2019
April 3, 2019
July 17, 2019
September 18, 2019
October 16, 2019

 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
July 17, 2019 Meeting Audio Recording
September 18, 2019 Meeting Audio Recording
October 16, 2019 Meeting Audio Recording
January 15, 2020 Meeting Audio Recording
February 25, 2020 Meeting Audio Recording

2019 NAGDCA Conference Materials from Committee Chair Levison

APPLY TO SERVE ON A CITY BOARD OR COMMISSION

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.