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Defined contribution committee reviews target‑date funds, fees and participant options
Summary
Committee reported strong use of target‑date funds in the 401(a) and 457 plans, reviewed performance and fees, and discussed whether to add a 'real assets' option or brokerage window; staff will revisit lineup in early 2027.
The Norwalk defined contribution committee on Jan. 14 reviewed plan holdings and participant behavior, reporting high usage of target‑date funds and favorable recent returns.
Consultants reported the 401(a) plan holds about $28 million and the 457 plan about $62.7 million. They said roughly 87% of 401(a) assets are invested in target‑date funds and that target‑date…
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