Page 137 - FebDefComp

From: Gleason, Robert
To: Lisa Okada; Jay Castellano; Kim Pearson
Cc: Paul Hackleman (paulhackleman@sstbenefits.com); Tugaw, Bill; Gleason, Robert; Scussel, Sharon
Subject: 2020 San Mateo Plan Compliance Review (61869)
Date: Thursday, February 6, 2020 5:42:07 PM
Hello Lisa and Jay,

Per our existing agreement, MassMutual provides the County with an annual written notice that confirms that MassMutual has reviewed each of the County’s defined
contribution plan documents to assure that the documents are maintained up to current compliance standards. Sharon Scussel performed this review in February
2020, and her comments are summarized in the chart below.

Compliance Review Chart for the 2020 Plan Year

Plan Plan Name Type of Plan Status of Plan Plan Document Plan Document is current for changes in law due to Plan Restatement and Discretionary
Type key and other applicable guidance Plan Amendments
61869-1 San Mateo Deferred 457(b) Active Specimen There are no required 2020 Interim Amendments to Restatement – January 1, 2019
Compensation Plan the 457(b) Plan. Restatement - November 14, 2016
Restatement - March 21, 2016
In the future, the following Interim Amendment will Amendment #1 - March 21, 2016
be forthcoming:
· SECURE Act
· Bipartisan Miners Act
61869-2 San Mateo County 457 Part 457(b) OBRA Active Specimen There are no required 2020 Interim Amendments to Restatement - March 21, 2016
Time, Seasonal and Temporary (as of the 457(b) Plan. Amendment #1 - March 21, 2016
Plan 3/21/16)
In the future, the following Interim Amendment will
be forthcoming:
· SECURE Act
· Bipartisan Miners Act
61869-3 County of San Mateo 401(a) 401(a) PS Active Pre-Approved Required Interim Amendment in 2020: Restatement - January 1, 2016
Retirement Plan · Final Hardship Regulations (issued 9/23/19) Amendment #1 - March 21, 2016
o Includes changes in law under the Amendment #2 - November 14, 2016
Tax Cuts and Jobs Act of 2017 and Amendment #3 – June 1, 2019
Amendment#4 – June 1, 2019
the Bipartisan Budget Act of 2018
o Adoption deadline extended to
December 31, 2021
o Communication from MassMutual
st
will be forthcoming 1 Quarter in
2020
In the future, the following Interim Amendment will
be forthcoming:
· SECURE Act
61869-4 County of San Mateo Part Time, 401(a) PS Frozen Pre-Approved Required Interim Amendment in 2020: Restatement - January 1, 2016
Seasonal and Temporary OBRA (as of · Final Hardship Regulations (issued 9/23/19) Amendment #1 - January 1, 2016
Retirement Plan 3/21/16) o Includes changes in law under the
Tax Cuts and Jobs Act of 2017 and
the Bipartisan Budget Act of 2018
o Adoption deadline extended to
December 31, 2021
o Communication from MassMutual
st
will be forthcoming 1 Quarter in
2020
In the future, the following Interim Amendment will
be forthcoming:
· SECURE Act

Best Regards,
Robert Gleason
Director, Client Management | Workplace Solutions
MassMutual
100 Bright Meadow Boulevard, Enfield, CT 06082 | MIP 1542
Phone (860) 835-8093 | Fax (860) 392-0412 | Cell (916) 765-5566

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