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St. Mary's County 457(b) plan posts asset gains, committee accepts 2025 summary and Q4 report
Summary
The St. Mary's County 457(b) governance committee heard presentations from Voya and Marquette & Associates showing asset growth, stronger participant engagement and mixed manager-level performance; the committee approved the 2025 plan summary, accepted the fourth-quarter report and approved a $4,500 bill for investment counseling.
St. Mary’s County officials on Feb. 20 reviewed the 2025 performance of the county’s 457(b) plan, approving a plan summary presented by Voya and accepting a fourth-quarter report from Marquette & Associates.
Voya representative Sara Katala told the governance committee the plan began the year with roughly $23.7 million in assets, added about $2.1 million in payroll contributions and closed the year with a reported balance of $27.9 million; Katala said the plan’s close-of-business balance the night before the meeting was $29.2 million. "We started the beginning of the year with 23,700,000 in assets," Katala said, and attributed the growth to contributions and dividend income.
Katala reported 62 new enrollments in 2025 (a 10.7% increase year-over-year), 461 total…
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