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Vallejo Deferred Compensation Committee approves fund swaps, minor policy updates and engagement incentive
Summary
The committee approved removing a fund from watch status, replaced two underperforming funds with recommended alternatives, updated the investment policy document with minor administrative changes, and authorized a $250 quarterly engagement incentive to be funded from administrative fees.
The Vallejo Deferred Compensation Committee voted to replace two underperforming investment options, remove a previously monitored fund from watch status and to establish a $250 quarterly engagement incentive funded from administrative fees.
In a sequence of roll‑call votes during the meeting, the committee approved removing the plus fund from watch status, replacing the Vanguard US Growth fund with Fidelity Blue Chip Growth K, and replacing the MFS Value fund with Putnam Large Cap Value R6. The committee also approved minor, administrative updates to the statement of investment policies and guidelines and authorized a $250 quarterly incentive program to encourage participant engagement and beneficiary updates, with staff and…
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