Page 35 - DCAC November 2024 Files

Next Steps

Considerations and IPS review scheduled for 4Q review Revising the DCAC Bylaws Fiduciary Education scheduled for 3Q review Committee voted to implement a fee holiday for the plan admin fee of 0.025% in 1Q23 meeting. Fee Review scheduled for 2Q review Share Class Review scheduled for 1Q review

Rev. 2009

County of San Mateo 457(b) Plan Summary
Current Structure Type: San Mateo County Deferred Compensation Plan Normal Retirement Age: 65 or 40 for qualified police or firefighter Contribution Rate: EE - voluntary 100% up to $23,000, catch-up 100% up to $7,500 Match Provision: Yes, certain unions only, match to 401(a) Auto-Escalation: Yes, starting at 1% up to 5% (except certain union groups) Force Out Distributions: Yes, for terminated employees with <$5

Legal Plan Name and Plan Vesting Schedule: Immediate Eligibility Requirements: Immediately Eligible Enrollment: Participant Elected Automatic Enrollment: Yes, @ 1% Loans: Yes Unforeseen Emergencies: Yes Installments: Yes In-Service Withdrawals: Yes, age 70 ½ Investment Direction: Participant Number of Investment Options: 20 QDIA/DIA: Yes, age-appropriate Target Date Fund Managed Accounts: Yes Self-Direct

• • • Roth: Yes • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Annual deliverables are listed in BLUE

Plan Provisions Contributions Distributions Investments Governance Costs Education