Page 144 - DCAC May 2023 Files

Feasibility of use by other governments of a similar size

Any agency has the ability to conduct due diligence reviews of their investment line-up and commit to a
full day retreat that focuses on committee education, plan design, plan metrics and strategic goal
development.

Agencies should partner with an independent consultant to conduct a cost-analysis to see if there are
lower cost alternatives equal to or better than their current holdings. As a best practice, an evaluation of
the suitability of the specific Target Date Funds being used should be completed on an ongoing basis.
Agencies may wish to explore an ESG analysis if this aligns with their goals.

To conclude, an analysis of the number of investment alternatives may be prudent in streamlining the
investment menu.