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Deferred‑comp report: plan assets top $6.1B, stable‑value rate climbs and annual membership drives planned
Summary
The city deferred‑comp (SFDCP) program reported $6.15 billion in assets, a rising stable‑value crediting rate (3.36%) and an active outreach plan for National Retirement Security Month in October. Staff also announced a recordkeeping RFP and a large‑cap growth manager search.
Staff briefed the retirement board and deferred‑comp committee on the second‑quarter performance and program operations for the City of San Francisco’s deferred‑comp program.
Steve Moy, interim deferred‑comp program manager, said plan participation climbed to about 36,636 participants (roughly a 59.9% participation rate among eligible employees) and total plan assets reached approximately $6.15 billion.
On investments, the…
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