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San Mateo County
2021 Annual Performance Standard Report
4 Qtr 2021 783 99.2%
th
2021 Total 2119 98.8%
Processing A. Process SDBA transfers within $100 for each participant # # w/in standard
three (3) business days. information compromised. 1 Qtr 2021 6 6
st
nd
2 Qtr 2021 7 7
3 Qtr 2021 6 6
rd
th
4 Qtr 2021 4 4
Plan Document F. Review plan documents for legal, $500 for failure to provide Within 180 days of fund All plan documents were reviewed Met Standard
Review legislative compliance, identify each written summary. transition and annually and written confirmation of review
policy issues between employer thereafter. was sent to County staff on
and provider and summarize, in October 22, 2021.
writing, any recommended changes
to documents.
Met Standard
Investment Policy G. Review investment policy and $500 for failure to provide Annually at the A review of the investment policy
Review summarize, in writing, any review/summary within quarterly meeting prior was performed and a written
recommended changes. specified timeframe. to the fund evaluation confirmation was sent to County
results staff on December 21, 2021.
Education Policy H. Review education policy and $500 for failure to provide Annually at the Completed. A review of the Met Standard
Review summarize, in writing, any review/summary within quarterly meeting prior education policy was performed and
recommended changes. specified timeframe. to the year end. a written confirmation was sent to
County staff on August 20, 2021.
Quarterly Reports A. Provide written summary of $500 per failure to Mailed within 30 days Written summary Quarterly reports Met Standard
Quarterly Reports (as described in provide reports by of quarter-end. presented at the quarterly
Section 6.2) to employer. specific date. committee meetings. Electronic
copies provided prior to the
meetings.
3
