Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee reviews MVA accounting and approves Fee and Expense Policy with $50,000 reserve cap
Summary
Members reviewed Nationwide's MVA accounting showing a $143,069 original adjustment (with $76,450 collected and $66,619 remaining as of end-2025) and approved a revised Fee and Expense Policy that sets a committee reserve not to exceed $50,000.
The Butte County 457 Deferred Compensation Committee reviewed Nationwide's market value adjustment (MVA) accounting for the plan's fixed account and approved a revised Fee and Expense Policy at its Feb. 5 meeting.
Nationwide told the committee that the MVA applied in 2019 totaled $143,069 as part of the plan's ten-year contract. As of the end of 2025, approximately $76,450 had been paid toward that amount and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat