457 DEFERRED COMPENSATION PLAN, 401(a)
DEFINED CONTRIBUTION PLAN, AND RETIREMENT
HEALTH SAVINGS PROGRAM COMMITTEE
REGULAR MEETING MINUTES
9:00 A.M.
October 28, 2024
1. CALL TO ORDER
The meeting was called to order by Secretary Gates at 9:02 a.m.
2. PLEDGE OF ALLEGIANCE
3. ROLL CALL
Committee Members Present: Committee Chair Brown, Committee Vice Chair Olsen, Sifuentes, Peterson, and Long
Alternate Members Present: De Leon
Committee Members Absent: Nichelini and Nayar
Alternate Members Absent: Murray, Garcia, Alberti, Rolley, and Callison Staff Present: Secretary Gates and Secretary Singh
4. REPORTS
Report from Secretary to the Committee
A. NAGDA Conference report
B. Set future meeting dates for 2025 – 1/27/25, 4/28/25, 7/28/25, and 10/27/25
5. COMMUNITY FORUM
Speakers: None
6. CONSENT CALENDAR AND APPROVAL OF AGENDA
A. Approval of Minutes
Recommendation: Approval of the minutes from the July 29, 2024, regular meeting.
Action: Moved by Committee Member Brown, seconded by Vice Chair Olson, Committee Member De Leon abstained, and four carried unanimously to approve the minutes of the July 29, 2024, meeting.
7. PRESENTATIONS
A. Presentation by Luther Hermano, Mission Square
Presentation: Third Quarter 2024 Performance Review, accomplishments, and results.
Discussed 2024 strategy, financial planning program, Secure 2.0 updates & contribution limits, and Tech Corner.
Docusign Envelope ID: FF7CE2D6-E317-4C24-957A-FB59F992B48E B. Presentation by Vincent Galindo, Hyas Group
Presentation: Third Quarter 2024 performance review, legal and regulatory updates, and future goals and objectives.
Third Quarter 2024 performance Report discussed the Plans’ current investment options and recommend removing Sterling Capital Total Return Bond from Watch Status.
8. ACTION ITEM(S)
A. Approve Fund Watch Addition
Recommendation: By motion, approve the addition of MFS Value and MFS Mid Cap Growth funds to watch status
Action: Moved by Chair Brown, seconded by Committee Member Peterson and carried unanimously to approve adding MFS Value and MFS Mid Cap funds to watch status.
9. FUTURE AGENDA AND ACTION ITEMS
A. Fund watch removal for Sterling Capital Total Return Bond S6, MissionSquare PLUS Fund S11, and MissionSquare PLUS Fund R10.
B. Annual Investment Policy Statement – Q1
10. ADJOURNMENT
The meeting was adjourned at 10:10 a.m.
KEVIN BROWN, CHAIRPERSON
ATTEST
KIMBERLY GATES, EXECUTIVE SECRETARY
Docusign Envelope ID: FF7CE2D6-E317-4C24-957A-FB59F992B48E