Page 113 - FebDefComp

COUNTY OF SAN MATEO
DEFERRED COMPENSATION PROGRAM

POLICY
ANNUAL PLAN SURVEY

PURPOSE

To administer a plan survey annually so that the Deferred Compensation Advisory
Committee can make better-informed policy decisions, develop needed initiatives and
provide clear direction to staff and consultants in a way that maximizes the plan
utilization by all eligible participants and best meets participants’ and non-participants’
investment and savings needs.

POLICY

Target Audiences—The DCAC will provide direction to staff and consultants each year to
administer separate surveys to participants and non-participants. The participant
survey will include both current employees and former employees (e.g., retirees) with
participant accounts.

Scope of Questions—The plan survey will ask questions about the deferred
compensation programs and services. It will not ask questions about investments as
those are addressed by the DCAC through the Investment Policy Statement.

Ongoing Versus Ad Hoc Questions—The survey will have a set of core questions that will
be asked each year so that the DCAC can monitor status and progress in certain areas of
the program. The survey will also have a set of ad hoc questions that will ask about
specific areas of concern as determined each year by the DCAC.

Schedule—The annual survey schedule will be cyclical and administered in accordance
with the following schedule:

QUARTER 1
Approve and administer annual survey

QUARTER 2
Report results to DCAC
Discuss and identify workplan initiatives as appropriate

QUARTER 3
Report results of last fiscal year’s initiatives
Incorporate initiatives into the next fiscal year workplan

QUARTER 4
Discuss and provide direction on next calendar year survey