County Of Riverside Deferred Compensation Advisory Committee Meeting
The agenda for the meeting included approval of the previous meeting minutes from October 8, 2025. Key discussion items involved receiving and filing the Fourth Quarter 2025 Performance Report, legal and regulatory updates, a review of the Committee By-Laws, and plan reviews for Corebridge Financial, Nationwide, and Gallagher VEBA Plan. Under new business, the Committee discussed strategies to drive participation and contributions, requesting record-keepers provide relevant plan metrics at the subsequent meeting. The Federal Reserve's decision in December to lower interest rates and anticipate 1-2 cuts in 2026 was noted in the economic review. The performance report highlighted positive returns across major equity indices for Q4 2025, though international equities outperformed domestic equities for the calendar year. Legal updates covered executive orders related to private market investments in retirement plans and the DOL's stance on cryptocurrencies. A draft Fee and Expense Policy Statement indicated specific recordkeeping fees for Corebridge and Nationwide plans, and a draft Committee By-Laws requested consistency in naming conventions.