Page 6 - MayDefComp

COUNTY OF SAN MATEO
DEFERRED COMPENSATION ADVISORY COMMITTEE February 25, 2021

splitting their assets between already-diversified TDFs and other, perhaps
redundant, investments and asset classes.

5. County Reporting on Program Participation—Auto-Escalation (County, Kim Pearson)

This presentation was accepted as is.

6. NAGDCA

A. Debrief of 2020 NAGDCA Connect (Connect Attendees)

Attendees of 2020 NAGDCA Connect, including Chair Okada, Trustee Love, and
Castellano made the following comments:
• In certain sessions, the facilitated sessions used the same questions.
• The month-long schedule was difficult to manage on calendars. It is much
easier to schedule 3-4 days for the live conference.
• Some valuable sessions were scheduled too early for West Coast attendees.

B. Discussion on 2021 NAGDCA Conference Participation—September 12-15, Phoenix,
or Virtually or Both (DCAC)

Tentatively: Chair Okada, Trustee Raw, Trustee Finnegan, Pearson, Castellano

C. Discussion of Ideas for Potential NAGDCA Award Nominations (DCAC)

Gleason suggested a nomination in the Participation Education & Communication
category for the County’s use of its Learning Management System (LMS) for
meetings and trainings related to Deferred Compensation. In the County, employee
time spent in these meetings and trainings count toward the employee’s required
annual training hours.

Trustee Perry suggested possible nominations around growth in assets, value of
loan program, percentage participation and participant retention.

Staff will work with Empower to develop and submit nominations, and then share
with the DCAC in its May meeting.

7. Approval of Annual Plan Survey Policy and 2021 Survey (Empower, Bob Gleason, and
County, Jay Castellano)

Castellano and Gleason presented the Annual Plan Survey Policy and 2021 Survey,
respectively, for discussion and consideration. The Policy is acceptable as is. Feedback on
the Survey included the following:
• Add questions about auto-escalation. (Trustee Love)
• Check if program is performing in accordance with stated goals. (Trustee Wentworth)
• Check for the most appropriate question regarding gender. (Trustee Wentworth)
• Eliminate questions of gender. They are not germaine to this survey. (Trustee Perry)
• Gender questions would be valuable for the purpose of checking program equity.
(Pearson)
• Gender questions would be valuable for designing the delivery of communication and
education programs. (Chair Okada)
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