Action to Review and Adopt the Investment Policy Statement (IPS) for the City’s 457 Deferred Compensation Plan
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Passed Feb 12, 2025
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History 1 record
| Date | Ver. | Body | Action | Result | Video | |
|---|---|---|---|---|---|---|
| Feb 13, 2025 | 1 | Deferred Compensation Committee | Approved Staff Recommendation | Passed4-0 | Details → |
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REPORT TO DEFERRED COMPENSATION COMMITTEE
SUBJECT
Title
Action to Recommend that the City of Santa Clara continue to contract with Fiduciary Consulting Group (formerly the Hyas Group) on the 457(b) Plan.
Report
DISCUSSION
This is an action report item for the Committee.
The Hyas Group provided fiduciary services related to the City's Deferred Compensation Plan since 2019. After completing the formal RFP process, it was determined that the Hyas Group (now Fiduciary Consulting Group) would provide the best services. Approval of this recommendation will extend these services.
RECOMMENDATION
Recommendation
Approve Fiduciary Consulting Group to continue providing consulting services related to the Deferred Compensation Plan