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Consultant reviews deferred‑comp and 401 performance and participant education offerings
Summary
A presenter reviewed benchmarked performance of the city’s deferred compensation and 401 plans, fee benchmarking against peer plans (~$16M), manager risk‑adjusted performance, 2026 contribution limit updates, and ongoing participant education webinars.
A presenter who introduced the session outlined how plan performance is benchmarked against custom categories and how the city evaluates managers on risk‑adjusted returns, fees and recordkeeping costs. He noted that public‑market returns have been strong over the last year while real‑estate indices lagged, and that plan‑level benchmarking shows consulting fees in the top quartile while recordkeeping fees are low relative to peers.
He also flagged 2026 changes to retirement contribution limits, including Roth catch‑up provisions, and reviewed the city’s ongoing participant-education offerings (quarterly webinars and on‑site education). The presenter concluded, "It's been very good. We anticipate 2026 to be able to continue that on." Council thanked him for the overview and took no action.
