Page 8 - DCAC February 2023 Files
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COUNTY OF SAN MATEO
DEFERRED COMPENSATION ADVISORY COMMITTEE Minutes from November 3, 2022
6. Discuss 2023 Educational Plan for Plan Participants (Armando Llanes, Patrick
Washington)
The DCAC accepted this presentation.
7. Review Empower’s Cyber Security Systems and Issues (Trish McGinity)
The DCAC accepted this presentation.
Innovest
8. Fiduciary Education: Innovest Quarterly Topics & Trends (Rick Rodgers)
The DCAC accepted this presentation.
In addition:
• Rob Raw asked for documentation of the DCAC’s liability insurance coverage.
9. Presentation and Acceptance of Quarterly Investment Review (Rick Rodgers & Brett
Minnick)
The DCAC accepted this presentation.
10. Discuss 2023 Fiduciary Educational Plan for DCAC (Rick Rodgers)
Innovest proposed including a fiduciary education topic during each of the 2023 DCAC
meetings and presented multiple topics for consideration by the DCAC. A refined list
will be presented at the December 12 Retreat for final approval of the fiduciary
education plan.
11. Next Steps in Investment Menu Analysis (Brett Minnick)
A. Target-Date Funds Deep-Dive
The DCAC accepted this presentation.
12. Discuss Focus and Direction for 2023 Annual Survey (Brett Minnick, Armando Llanes)
Decision: The annual survey will be delayed by six months so that participant
experiences with the new Empower platform can be incorporated into developing the
survey’s focus and direction.
13. Legislative Updates (Rick Rodgers)
The DCAC accepted this presentation.
County Staff
14. Approve December 12 Retreat Agenda (Jay Castellano)
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