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COUNTY OF SAN MATEO
DEFERRED COMPENSATION ADVISORY COMMITTEE March 16, 2021

OLD BUSINESS

2. None

NEW BUSINESS

3. Approval to Share Plan Information with NAGDCA for Public Retirement Research Lab
Database (County, Jay Castellano)

A motion was made to approve staff sharing County plan information (non-personally-
identifiable information) with NAGDCA for the Public Retirement Research Lab
database.

Motion/Second/Carry: Dames/Love/7-0 (absent: Wentworth, Mejia). Motion approved by
roll call vote.

4. Approval of New Vanguard Target-Date Funds Share Class (NFP, Bill Tugaw)

A motion was made to approve the new Vanguard target-date funds share class.

M/S/C Wentworth/Raw/8-0 (absent: Mejia). Motion approved by roll call vote.

5. Approval of New Vanguard Target-Date Funds Vintages (NFP, Bill Tugaw)

A motion was made to do the following:

1. Approve the new Vanguard target-date funds vintages in five-year increments.
2. Direct staff and Empower to develop and implement a communication
campaign that coordinates information on both the new share class and the
new vintages.
3. Direct staff and Empower to provide an update on the target-date fund changes
in the DCAC’s next meeting on May 27, 2021.

M/S/C Wentworth/Raw/9-0. Motion approved by roll call vote.

INFORMATIONAL ITEMS

6. Meeting Dates in 2021 Dates
A. Thursday, May 27
B. Thursday, August 26
C. Wednesday, October 27—Retreat
D. Thursday, November 4

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