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Deferred comp advisory committee reviews quarterly plan; places Vanguard international value fund on watch
Summary
Committee heard Nationwide's fourth-quarter plan report and HIAS Group market review, placed Vanguard International Value Fund on watch (5-0) and approved minutes from Oct. 24 by voice vote.
The San Joaquin County Deferred Compensation Advisory Committee reviewed fourth-quarter 2024 plan results and market conditions at its Feb. 27 meeting, then voted 5-0 to place the Vanguard International Value Fund on watch and later approved minutes from the Oct. 24, 2024 quarterly meeting.
Nationwide presented fourth-quarter plan data including total 457 plan participants, cash flows, loan activity and online engagement. The carrier reported 7,428 participants in the 457 plan, and said plan contributions for the quarter totaled roughly $7.3 million while rollovers out totaled more than $6.5 million. Required minimum distributions (RMDs) in the quarter were about $2.2 million, Nationwide said. The 401(a) plan held about $32 million with 45 participants and an average…
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