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Plan administrator reports consultant payment and cap increase for LOSAP
Summary
Plan administrator Joy Sapp reported that Marquette Associates was paid $4,006.35 for quarterly consulting, that no contributions are planned for fiscal year 2027, and that the LOSAP cap was raised from 300 to 500 effective July 1, 2026.
Joy Sapp, the plan administrator, summarized administrative actions since the prior meeting: the county paid Marquette Associates $4,006.35 for quarterly consulting services; there are no contributions planned for fiscal year 2027; and the LOSAP cap was raised from 300 to 500 effective July 1, 2026.
"Our annual contributions planned for fiscal year 27, there are no contributions planned," Sapp said as she reviewed administrative items and dates. She also confirmed the next LOSAP meeting is scheduled for Oct. 23, 2026.
The committee moved to approve the plan administrator report, and the motion carried by voice vote.
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