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04.c. Receive the 2018 annual report of the ICMA 401a and 457 Deferred Compensation Plans
Page 1 of 49 Item 4.c. BOARD OF DIRECTORS ' POSITION PAPER DRAFT MEETING DATE: FEBRUARY25, 2019 SUBJECT: RECEIVE THE 2018ANNUAL REPORT OF THE ICMA401AAND 457 DEFERRED COMPENSATION PLANS SUBMITTED BY: INITIATING DEPARTMENT: PHILIP LEIBER, DIRECTOR OF FINANCE & ADMINISTRATION-FINANCE ADMINISTRATION REVIEWED BY: ANN SASAKI, DEPUTY GENERAL MANAGER ISSUE The Deferred Compensation Plan Advisory Committee (Committee) respectfully submits its 2018 Annual Report. BACKGROUND The Board of Directors approved the establishment of the Deferred Compensation Plan Advisory Committee in January 1982. The scope of activities of the Committee includes: • Establishing internal administrative procedures • Educating participants regarding the Plan • Reviewing emergency withdrawal requests • Reviewing investment performance of the Plan • Submission of an annual report to the Board of Directors and Plan participants The Committee was comprised of the following Departmental representatives: • Phil Leiber, Director of Finance and Administration—Acting Chairperson • James Olympia, Environmental Compliance Inspector 11 — Engineering • Joshua Whitman, Maintenance Crew Member I I — Collection System Operations • Chuck Burnash, Control Systems Engineer— Plant Operations • Teji O'Malley, Human Resources Manager—Administration Ms. O'Malley will also be discussing the composition of the Committee with the bargaining units to potentially expand representation. The current composition reflects one representative from each of the four prior Central San divisions-Administration, Engineering, Plant Operations and Collection System Operations. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 99 of 182 Page 2 of 49 The Committee last met on February 8, 2019 to discuss the annual report, and other topics relevant to the scope of activities. The agenda and minutes of the Committee are attached (Attachment 4). The annual report (Attachment 1) shows the current value of assets, segmented between the 457 and 401(a) plans with further detail for employee, beneficiary, and temporary accounts. The annual report also shows the distribution of assets by investment type. Also provided (Attachment 2) is a trend line showing asset growth over four years, and the mix of assets between seven investment type categories. The I CMA-RC program that Central San offers provides participants a wide variety of investment alternatives across various asset classes. Selection of the asset mix is the choice of individual participants. The Committee noted that participants have a relatively large share of assets in the stable value/cash management plan, compared to similar plans. Per discussion with I CMA-RC, Central San's participant profile (a generally somewhat older workforce, and with a defined benefit pension program)typically explains the more conservative allocation. The Committee discussed opportunities for enhancing the outreach offered by ICMA-RC to discuss with participants foundational issues regarding defined contribution plans, including the importance and potential consequences of asset allocation decisions. Also discussed by the Committee, and attached here (Attachment 3), is a best practice paper by the Government Finance Officers Association (GFOA) on asset allocation, and the importance of providing an appropriate menu of investment choices for participants. The Committee compared Central San's I CMA administered plan against the GFOA recommendations and generally found that the plan meets the recommendations, with a few opportunities for improved participant education. The Committee has decided to meet quarterly on a prospective basistin the immediate future to focus on improving participant education, and to assume oversight of the health savings account (HSA) program when effective in July 2019. The HSA accounts are a new defined contribution savings vehicle for medical expenses established for Tier I I I employees by the Local 1 and MS/CG memorandums of understanding adopted in 2018. ALTERNATIVES/CONSIDERATIONS None. FINANCIAL IMPACTS None. COMMITTEE RECOMMENDATION The Finance Committee reviewed this item at its February 25, 2019 meeting and recommended RECOMMENDED BOARD ACTION Receive the Annual Report of the Deferred Compensation Plan Advisory Committee for 2018 and provide any comments to staff. Strategic Plan re-In GOAL THREE: Be a Fiscally Sound and Effective Water Sector Utility Strategy 2- Manage costs GOAL FOUR: Develop and retain a highly trained and innovative workforce February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 100 of 182 Page 3 of 49 Strategy 2- Enhance relationships with employees and bargaining units ATTACHMENTS: 1. 2018 Annual Deferred Compensation Report 2. Deferred Comp Asset Allocation and Trend 3. GFOA Best practices on Defined Contribution Plans 4. Agenda and Minutes of Deferred Compensation Plan Advisory Committee February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 101 of 182 ATTACHMENT 1 CCCSD Deferred Comp Summary of Asset Distribution BY PLAN AND INVESTMENT TYPE Investment Type CALENDAR YEAR ENDED DECEMBER 31,2018 ICMA 457 ICMA 457 Beneficiaries ICMA 457 PTS ICMA 401(a) ICMA 401(a)Beneficiaries TOTAL % Stable Value/Cash Management $ 20,948,116 323,067 12,022,734 45,483 $ 33,339,400 31.24% Bonds 1,001,565 824,031 $ 1,825,596 1.71% Guaranteed Lifetime Income 3,534,469 1,286,313 $ 4,820,782 4.52% Balanced/Asset Allocation 9,052,988 9,411,399 $ 18,464,387 17.30% U.S.Stock 22,986,938 611,273 17,134,043 182,807 $ 40,915,061 38.34% International/Global Stock 1,631,307 1,655,212 $ 3,286,519 3.08% Specialty 3,182,088 887,615 $ 4,069,702 3.81% Total Assets $ 62,337,470 $ 611,273 323,067 43,221,347 228,290 $ 106,721,447 100.00% %By Plan 58.41% 0.57% 0.30% 40.50% 0.21% 100.00% Summary Distribution by Investment Type i Specialty I International Global Stock I / 3.66"•: Stable Value/Cash Management 3.08% 26.52g'o I U.S.Stock 38.34% Ba'araed/Asset Allocation 18.Zo Bonds 1.71% y - i y Guaranteed Lifetime Income 4.52% C� I x I � - — - 1 z y *As of December 31,2018 the 457 plan had 35 active outstanding loans totalling$469,817,and 4 default in the amount of$38,252. See pages 7-10 of 457 section. N-\Accounting\GMTEMP1\DEFERRED COMP\2018\2018 Annual Report February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 102 of 182 457 Plan Including Loans on pages 7 through 10 Regular Employees (Contributed by Employees) February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 103 of 182 p Annual Financial Report for i�, V�1� NYour 457 Deferred Compensation Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY Return Mail Processing Only PO BOX 669 South Windsor,CT 06074-0669 Winning Solutions for You and Your Employees REMOVED Are you submitting termination dates as soon as CENTRAL CONTRA COSTA SANT DIST administratively possible? If not,start doing so today. It's 5019 IMHOFF PLACE easy and it helps alleviate delays when your former MARTINEZ CA 94553 employees request disbursements. Simply log in to EZLink to submit termination dates for any employees who are transitioning. anuar. 1,2018 - December 81, 2018 Account Summary This Period Year-to-Date Total Plan Assets $62,807,287.04 Beginning Balance $68,764,848.62 $68,764,848.62 Contributions/Other Credits $3,207,085.66 $3,207,085.66 If You Need AssistanceDistributions/Other Debits -$7,314,829.60 -$7,314,829.60 - - Fees -$3,345.00 -$3,345.00 Call Your Client Services Team 800-326-7272 Gain/Loss -$2,316,289.79 -$2,316,289.79 Automated Access 24 hours/? days Ending Balance $62,337,469.89 $62,337,469.89 Website www.icmarc.org Outstanding Loan Balance $469,817-15 Total Plan Assets $62,807,287.04 Total plan assets includes fund and active loan balances- Plan Data Asset Allocation Plan Name CENTRAL CONTRA COSTA SANT DIST Asset Percentage Balance Plan Number 303896 Calory, of,qssets If any of your data is incorrect, please contact Client Services so Stable Value/Cash Management 33% $20,948,115.61 that we can update your records. Bond 2% $1,001,565.26 i Guaranteed Lifetime Income 6% $3,534,468.71 Balanced/Asset Allocation 14% $9,052,987.93 U.S. Stock 37% $22,986,938.05 International/Global Stock 3% $1,631,306.64 Specialty 5% $3,182,087.69 MEI Total Assets 100% $62,337,469.89 Page 1 of 10 Please review your statement carefully- If you believe there is an error,please notify ICMA-RC at 800-326-7272 within 90 days of quarter end. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 104 of 182 Annual Financial Report for Your 457 Deferred Compensation Plan January 1, 2018 - December 31, 2018 Allocation Summary_4_Fund Percent Units/ UnWShare Ending Investment of Assets Shares Value Balance Stable Value/Cash Management Vantagepoint PLUS Fund R7 33% N/A N/A $20,615,575.62 VT Cash Management 0% 328,246.7286 $1.01 $332,539.88 Welcome 0% 0.0635 $1.77 $0.11 Bond Vantagepoint Core Bond Idx R5 1% 32,833.1785 $11.54 $378,894.91 VT Western Asset Core Plus Bnd 1% 41,017.8015 $11.60 $475,806.53 Vantagepoint Infltn Focused R7 0% 3,661.9382 $11.50 $42,112.30 VT PIMCO High Yield 0% 12,124.0204 $8.64 $104,751.52 Guaranteed Lifetime Income VT Retirement IncomeAdvantage 6% 218,141.3030 $16.20 $3,534,468.71 Balanced/Asset Allocation VP Milestone Ret Income R7 0% 9,409.7594 $12.77 $120,162.63 Vantagepoint Milestone 2010 R7 0% 3,338.4762 $13.57 $45,303.12 Vantagepoint Milestone 2015 R7 0% 1,000.8934 $14.28 $14,292.75 Vantagepoint Milestone 2020 R7 1% 33,354.2253 $15.01 $500,646.92 Vantagepoint Milestone 2025 R7 1% 38,568.9764 $15.44 $595,505.00 Vantagepoint Milestone 2030 R7 1% 22,377.2752 $16.09 $360,050.38 Vantagepoint Milestone 2835 R7 1% 30,297.6778 $16.50 $499,911.66 Vantagepoint Milestone 2040 R7 0% 20,811.6985 $17.23 $358,585.53 Vantagepoint Milestone 2045 R7 0% 11,819.0765 $18.74 $221,489.48 Vantagepoint Milestone 2050 R7 0% 1,967.3505 $15.93 $31,339.89 Vantagepoint Milestone 2055 R7 0% 4,345.0512 $11.15 $48.447.32 Vantagepoint MP Cons Growth R7 1% 21,248.6710 $31.27 $664,445.95 Vantagepoint MP Trad Growth R7 2% 35,628.5247 $32.53 $1,158,995.91 Vantagepoint MP Lng-Trm Gr R7 3% 54,112.9960 $33.21 $1.797,092.59 Vantagepoint MP Gtbl Eq Gr R7 1% 28,990.5393 $33.65 $975,531.66 VT Puritan Fund 3% 74,027.9481 $22.44 $1,661,187.14 Page 2 of 10 303896 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 105 of 182 SMR Annual Financial Report for Your 457 Deferred Compensation Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 Allocation Summary by Fund (continued) Percent Units/ Unit/Share Ending Investment of Assets Shares Value Balance U.S.Stock Vantagepoint Equity Income R7 4% 158,716.0515 $14.24 $2,260,116.59 VT Invesco Diversified Div 0% 5,551.5128 $18.83 $104,534.98 VT MFS Value 0% 3,333.6994 $36.56 $121,880.05 Vantagepoint 500 Stock Idx R5 4% 123,761.3477 $20.96 $2,594,037.82 Vantagepoint Broad Mkt Idx R5 8% 213,584.7311 $22.23 $4,747,988.56 Vantagepoint Growth &Inc R7 1% 36,171.3211 $20.33 $735,362.94 VT Parnassus Core Equity 0% 2,892.2048 $42.59 $123,179.02 VT Oppenheimer Main Street 3% 34,518.1214 $46.68 $1,611,305.91 Vantagepoint Growth R7 1% 42,143.3527 $19.01 $801,145.14 VT Contrafund 8% 42,154.8647 $118.02 $4,975,117.16 VT T Rowe Price Growth Stock 1% 10,944.7549 $60.48 $661,938.75 Vantagepoint Select Value R7 0% 6,378.0247 $16.46 $104,982.29 VT Victory Sycamore Est Value 0% 1,361.5954 $36.54 $49,752.69 Vantagepoint Aggressive Ops R7 3% 93,404.4991 $18.32 $1,711,170.39 VT AMG TimesSquare Mid Cap Gr 1% 38,407.0862 $17.56 $674,428.42 VT Carillon Eagle Mid Cap Gr 0% 1,497.9836 $55.70 $83,43770 VT LSV Small Cap Value 0% 2,119.0267 $12.78 $27,081 15 Vantagepoint Md/Sm Co Idx R5 2% 38,743.0641 $26.00 $1,007,319.70 Vantagepoint Discovery R7 1% 29,600.5664 $16.34 $483,673.25 VT Oppenheimer Discovery 0% 1,285.6784 $84.38 $108,485.54 International/Global Stock VT ClearBndge Intl Value 0% 4,329.0053 $9.42 $40,779.22 Vantagepoint International R7 1% 39,703.5416 $11.91 $472,869.16 Vantagepoint Ovrseas Eq Idx R5 1% 38,450.2594 $12.30 $472,938.19 VT Diversified International 1% 17,191.9430 $33.92 $583,150.68 Vantagepoint Emerging Mrkts R7 0% 7,060.7096 $8.72 $61,569.39 Page 3 of 10 303896 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 106 of 182 Annual Financial Report for Your 457 Deferred Compensation Plan January 1, 2018 - December 31, 2018 Allocation Summary by Fund (continued) Percent Units/ UnWShare Ending Investment of Assets Shares value Balance Specialty VT Nuveen Real Estate Secs 1% 22,064.8559 $19.42 $428,499.48 VantageBroker 4% N/A N/A $2,753,588.21 Total 100% $62,337,469.89 Activity Summary Fund Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance Stable Value/Cash Management Vantagepoint PLUS Fund R7 $18,628,653.82 $499.543.03 -$2,152,099.60 $3,236,031.84 -$614.06 $404,060.59 $20,615,575.62 VT Cash Management $266,572.92 $42,832.90 -$49,184-79 $69,037.77 $0.87 $3,281.95 $332,539.88 Welcome $0.11 $0.00 $0-00 $0.00 $0.00 $0.00 $0.11 Bond Vantagepoint Core Bond Idx R5 $290,968.12 $26,125.47 -$27,905.84 $89,441-37 -$23.88 $289.67 $378,894.91 VT Western Asset Core Plus Bnd $570,532-46 $115,630.61 -$166,605.84 -$21,388.78 -$49.40 -$22,312.52 $475,806.53 Vantagepoint Infltn Focused R7 $58,386-59 $839.40 -$2,070.58 -$14,035.78 $0.00 -$1,007-33 $42,112.30 VT PIMCO High Yield $239,029.95 $18,548-63 -$727.95 -$148,511 00 -$50.85 -$3,537.26 $104,751.52 Guaranteed Lifetime Income VT Retirement IncomeAdvantage $3,796,612.25 $0-00 -$113,922.72 $68,684-78 $0-00 -$216,905.60 $3,534,468.71 Page 4 of 10 303896 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 107 of 182 ICRC Annual Financial Report for Your 457 Deferred Compensation Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 -lalctivit -Summary by Fund fcontinued� Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance Balanced/Asset Allocation VP Milestone Ret Income R7 $137,885.26 $24,500.00 -$209,711.98 $170,623.50 -$125.00 -$3,009.15 $120,162.63 Vantagepoint Milestone 2010 R7 $49,316-87 $0.00 -$2,152-24 -$30.65 $0.00 -$1,830.86 $45,303.12 Vantagepoint Milestone 2015 R7 $31,821-35 $0.00 -$266-23 -$15,879.81 $0.00 -$1,382.56 $14,292.75 Vantagepoint Milestone 2020 R7 $571,240.40 $35,976.80 -$13,587.18 -$68,954.17 $0.00 -$24,028.93 $500,646.92 Vantagepoint Milestone 2025 R7 $856,626.60 $139,302.72 •$474,461.18 $109,378.38 -$50.00 -$35,291.52 $595,505.00 Vantagepoint Milestone 2030 R7 $335,977.06 $65,112-16 -$987.28 -$11,925.50 -$50.00 -$28,076.06 $360,050.38 Vantagepoint Milestone 2035 R7 $541,548.72 $74,609.07 -$9,966.83 -$60,926.18 -$50-00 -$45,303.12 $499,911.66 Vantagepoint Milestone 2040 R7 $347,369.45 $60,447.40 $0.00 -$14,824.04 -$50.00 -$34,357.28 $358,585.53 Vantagepoint Milestone 2045 R7 $229,888.12 $80,444-95 -$6,764.99 -$62,541.60 -$200.00 -$19,337.00 $221,489.48 Vantagepoint Milestone 2050 R7 $5,561.41 $5,166.00 $0.00 $20,259.53 $0-00 $352.95 $31,339.89 Vantagepoint Milestone 2055 R7 $10,565.94 $5,695.00 -$2.24 $35,316.59 $0.00 -$3,127.97 $48,447.32 Vantagepoint MP Cons Growth R7 $1,027,994.06 $17,150.00 -$33,449.16 -$315,911.84 $0-00 -$31,337-11 $664,445.95 Vantagepoint MP Trad Growth R7 $1,150,011-89 $70,515.44 -$42,097-45 $59,630.48 -$94.54 -$78,96991 $1,158,995.91 Vantagepoint MP Lng-Trm Gr R7 $2,071,828.88 $164,230.82 -$72,620.92 -$219,982-67 -$220.00 -$146,143.52 $1,797,092-59 Vantagepoint MP Glbl Eq Gr R7 $1,396,663.65 $70,404.27 -$44,768.09 -$337,166.74 -$126.15 -$109,475.28 $975,531.66 VT Puritan Fund $1,790,645.77 $7,674.01 -$94,108-40 $28,038.47 $0-00 -$71,062.71 $1,661,187.14 U.S.Stock Vantagepoint Equity Income R7 $3,194,212.46 $57,700.20 -$342,286.56 -$359,714-94 -$117.68 -$289,676.89 $2,260,116.59 VT Invesco Diversified Div $345,813.28 $7,737.17 -$151,074.75 -$88,169.21 -$9.03 -$9,762.48 $104,534.98 VT MFS Value $481,615.03 $13,911.40 -$95,729.27 -$257,613.03 -$20.37 -$20,283.71 $121,880-05 Vantagepoint 500 Stock Idx R5 $3,512,510.65 $206,515.43 -$428,489.58 -$603,664.50 -$185-21 -$92,648.97 $2,594,037.82 Vantagepoint Broad Mkt Idx R5 $5,276,736.65 $355,366.13 -$238,724.20 -$388,809.63 -$298.33 -$256,282.06 $4,747,988.56 Vantagepoint Growth &Inc R7 $1,162,502.05 $46,031.40 -$396,903.31 -$29,774-49 -$72.62 -$46,420.09 $735,362.94 VT Parnassus Core Equity $204,230.91 $9,203.40 -$44,168-14 -$49,338.66 $0-00 $3,251.51 $123,179.02 VT Oppenheimer Main Street $1,824,975.41 $9,095-79 -$73,145.67 -$15,905-22 -$16.39 -$133,698.01 $1,611,305-91 Vantagepoint Growth R7 $1,429,427.58 $40,055.11 -$448,650.22 -$246,403.23 -$79-30 $26,795.20 $801,145.14 VT Contrafund $5,061,590.15 $284,637.90 •$639,082 77 $357,170.55 -$202.75 -$88,995.92 $4,975,117.16 VT Rowe Pace Growth Stock $568,836.14 $69,990.72 -$72,856.11 $106,639-15 -$121.25 -$10,549-90 $661,938.75 Page 5 of 10 303896 0305 - February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 108 of 182 Annual Financial Report for Your 457 Deferred Compensation Plan January 1, 2018 - December 31, 2018 Actiiv' ' Summary by Fund 1continuedl Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance U.S.Stock (continued) Vantagepoint Select Value R7 $119,758.42 $32,561.59 -$50,448.49 $25,302.28 -$5.90 -$22,185.61 $104,982.29 VT Victory Sycamore Est Value $51,415.54 $2,964.65 -$43.20 $1,787-68 -$0-80 -$6,371.18 $49,752.69 Vantagepoint Aggressive Ops R7 $2,042,282.22 $47,839.31 -$60,949.35 -$193,794.95 -$49.84 -$124,157.00 $1,711,170.39 VT AMG TimesSquare Mid Cap Gr $967,016.10 $54,680.55 -$150,397.66 -$180,366.39 -$78.11 -$16,426.07 $674,428.42 VT Carillon Eagle Mid Cap Gr $100,191.30 $14,018.28 -$13,176.18 -$22,703.84 -$8.51 $5,116.65 $83,437.70 VT LSV Small Cap Value $0.00 $5,065.37 $0-00 $28,001.60 -$0.60 -$5,985.22 $27,081.15 Vantagepoint Md/Sm Co Idx R5 $1,932,841.17 $111,019.33 -$199,131.64 -$738,281.28 -$136-85 -$98,991.03 $1,007,319.70 Vantagepoint Discovery R7 $605,644.69 $30,978.51 -$9,541-79 -$97,979.69 -$20.14 -$45,408.33 $483,673.25 VT Oppenheimer Discovery $112,595.01 $15,142-90 -$1,579.62 $107,994-82 -$7.96 -$125,659.61 $108,485.54 International/Global Stock VT ClearBrEdge Intl Value $0.00 $1,277.37 -$2.29 $41,997.67 $0-00 -$2,493.53 $40,779.22 Vantagepoint International R7 $446,212.60 $32,343.25 -$87,334-06 $160,710.74 -$48.73 -$79,014.64 $472,869.16 Vantagepoint Ovrseas Eq Idx R5 $534,491-40 $60,140-55 -$91,070.59 $41,557-71 -$41.40 -$72,139.48 $472,938.19 VT Harbor International $97,854.74 $8,652.05 -$6,201-85 -$91,962.49 -$14.05 -$8,328.40 $0-00 VT Diversified International $941,973.14 $87,930.30 -$180,949.86 -$154,110.86 -$56.23 -$111,635 81 $583,15068 Vantagepoint Emerging Mrkts R7 $0.00 $4,250.40 $0.00 $72,185-84 $0.00 -$14,866.85 $61,569.39 Specialty VT Nuveen Real Estate Secs $525,234.34 $73,227.92 -$15,430.95 -$119,257.40 -$4820 $35,226.23 $428,499-48 VantageBroker "' $2,819,185.99 $0.00 $0.00 $100,137.82 $0.00 -$165,735.60 $2,753,588.21 Total Account $68,764,848.62 $3,207,085.66 -$7,314,829.60 $0.00 -$3,345.00 -$2,316,289.79 $62,337,469.89 (1)Note: Your brokerage account balance reflects account activity through the second to last business day of the quarter. For quarter-end information, please review your brokerage account statement or contact TD Ameritrade. Page 6 of 10 303896 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 109 of 182 ���R� Annual Fnancial Report for �[ Your 457 Deferred Compensation Paan BUIlDIN6 PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018- December 31, 2018 Actb*y_Detail Disirlbutions 01WrDebiis Contributions $2,351,722.52 Distributions -$6,681,511.12 Roll-Ins $46,849.96 Beneficiary Transfers -3433.913.02 Loan Repays(Print. + Int.) $249,290.84 Loan Issuances -$195,961.06 Beneficiary Transfers $433,913.02 Misc. Debits -$3,444-40 Misc. Credits $125.309-30 Total $3,247,08566 Total -$7,314,82960 Pre-Tax $48,580,361.79 Roth $1,035,566.54 Total Enrplo /Employee $49.619,928.33 Pre-Tax $12,705,832.80 Roth $11,708.76 Total Ropovar $72,717.541.56 Ending Bakw" $a=A69-89 Cyni�bertiQn Summary CoestreRWOns RoH-lin Date Employer/E-pkPy4w This Period $2,351,722.52 $46,849.98 0113112018 $194.408.00 Year to Date $2,351.722.52 $46,849.98 02/2812018 $194.883.00 Roth Contributions $994,501.47 $0.00 03128!2018 $1000-00 0.'31291'2018 $205,633.00 Activity dated outside the current period reflects 04/27/2018 $202,564.67 adjustments to your account to ensure proper crediting 0 418 -$5.400.00 of earnings. 0513012018 $202,382.67 ow9R018 $195.354.67 0710=018 34.000.00 07(3112018 $195.464.42 Page 7 of 10 3038% 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 110 of 182 Annual Financial Report for Your 457 Deferred Compensation Plan January 1, 2018 - December 31, 2018 Date _- -- -- -- �J�Yn��mpJaiyee 08/31/2018 09/28/2018 $191.549.67 10!311,2018 $190.675.67 11/308018 $205.553.51 121",[81.2018 $187,211.75 121318018 $181.851.49 $3,800.00 Cash recewd from Employer $2,351,722.52 Total Contrrbu;ions $2,351,722-52 AbrAe Count A9efe:enc - - - Interesthm� - - - - - corfir Af 4er d J loan DDL h3terest p, pag Refinance Default ApppW as Paid Anxwm RNJFMGCM 001 $54.00 $3.691-18 $0-00 R9PRBWVS 001 $142.87 S0.00 $3.368.17 $0.00 $115M $243.60 $3,563.40 RRLKR9LT 001 $149.58 $4.542.12 -$3.518.22 WOO � $0.00 $556.40 $2.811.77 $0.00 50.00 $1.023-90 $0.00 002 $38.71 $0.00 $7,675.86 $0.00 $0-00 $206.54 $7,469.32 RRDWYJJB 001 $94.52 $3.126.25 $6-00 $0.D0 $0.00 RYHTSYPL 001 $576.13 $16.221-78 &3.00 $0.00 $1.677.04 $1,449.21 $0.00 $3.995.39 $12,226.39 RVvVHRKPK 002 $0.00 $14.714.88 $0.00 $0.00 $0-01) $14,714.88 Sd.DO RFJTG9NH 001 $539.09 $15.178.34 $0.00 $0.00 $0.00 $3,738.4.3 S11.439.91 RPYDTKfS 001 $1,456-67 $40,782.27 $0.00 $0.00 $0.00 $9,5913.29 $31,188.58 RDPMPGJL 001 $522.76 $13,730.99 $0.00 $0.00 $0.00 83,146.12 $10.584-87 RWNM9HPVV 001 $1,002.68 $28,231.06 SUM $0.00 $0.00 $6.953.32 521,277.74 RPKCNNCG 001 $282.91 $7.899-94 $0.00 WOO SO•Dl) $1.817.33 $6.082-67 RLCXJVRV 001 $47-92 $0.00 $10,000.00 50.00 $0.00 $215.51 $9.784.49 Page 8 of 10 303$96 ' 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 111 of 182 /-�N ICWN]]� Annual Financial Report for "f Your 457 Deferred Compensation Plan BUI1OIN6 PVBIIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 Loan Report-fraQr dopped) - - -- IWn7! Count Referetwe Loan Interest Begb"*v des loan Iii Interest Prindpaf Endm9 Code fiber Laid Balasee Rermumm Defauft Appeed as Paid Badame Prb-w Amount RTRBHGFH 002 $49.38 54.483.85 -$4,201.01 $0.00 $0-00 $282-84 $.00 003 $229-59 $0.00 $6.807.43 WOO $0.00 $1,226.41 $5,581.02 RX91199914 002 $262-09 $6.850.901 $0.00 $0.00 $0.00 $1,502.75 $5,348.18 RDSGNRVX 001 $1.007.03 $25.000.00 S0-00 $0.00 50.00 $4.151.20 $20.84$.80 RXGHGT9H 001 $126.34 50.00 $14.000.00 $0.00 $0.00 $874.78 $13,125.22 RBMYCMYL 001 $1,035.47 $23,885.68 $0.00 $0.00 $0.00 $4,591.69 $19,293.99 RWRB9CMY 002 $0.00 $3.971.62 -$3.971.62 30.00 $0,00 $0.00 $0.00 003* $0.00 30.00 $8.471.62 $0.00 $463.42 $0.00 $8.9035.04 RPHYKYXN 001 $0.00 $0.00 $16.233.53 $0.00 $0.00 $0.00 $16,233.53 RRCCDNGX 001 $0.00 $20,517.11 30.00 $0.00 $825.27 $0.00 $21,342.38 RPFYVDPH 001 $1.475.00 $33,962.03 $0.00 $0.00 $0.00 $6.403.00 $27,559.03 RHJVKKPS 001 $197.92 $0.00 $50,000.00 $0.00 $0.00 $50,000.00 $0,00 RWJSLXWN 001 $455.90 $12799.11 $0.00 50.00 $0.00 $3.080.14 $9.718.97 RRCCDDNY 001 $1,856.19 $45,489.94 $0.00 $0.00 $0.00 $9,329.73 336,16D.21 RNXBXDMI 001 $492.94 $16,316.87 -$12,899.01 WOO WOO $3,417.86 $0.00 OD2 $302.10 $0.00 $30.605-58 $0.00 Saw $1.653.98 $28,951.410 RFSKXHTL 001 $470.13 $14,106.78 -$12,044.67 $0.00 $0.00 $2,062.11 $0.00 002 $374.05 $0.00 $27.044-67 $0.00 $O.OD $1,586-90 $25,457.77 RLVJGRXM 001 $302.16 $7,389.96 $0.00 SO-OD $0.00 $1,485.24 $5904.72 RNBKYSWN 001 $97.80 $2,814.26 30.00 $0A0 50.00 $1,651.88 $1,152.38 RRMYCHMS 001 $205,98 $5,816.99 $0.00 $0.00 50.00 $1,467-18 $4,349.87 RYRYGGFtJ 001 $835.58 $23,525.89 $0.0D $0.0D $0.00 $5,794.42 $17,731.47 RHBRFNGB 001 $698.31 $19.504.87 $0.00 SO-00 $0.00 34,828.73 $14,776.14 RWKGSTPJ 001 552.83 $1,486.96 $0.00 $0.00 $0.00 $366.33 $1,120.65 Page 9 of 10 3038% 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 112 of 182 Annual Financial Report for Your 457 Deferred Compensation Pian January 1, 2018 - December 31, 2018 Lean Report tOqndnqedJ - A4wrae Co mt Rokmice Loan bne est -- CO& Ak=ber � / Loan DM kneresr nefun Appdiedas paw Bahkaw pravipid RPHSLDD9 001 °4nwonr $86.67 $2.448-20 $0.00 $0.00 $0.00 S617.49 $1,830.71 RYF9LHLL 001 $199.56 $26.637.05 -$25.918.03 $0-00 $0.00 $919.02 $0.00 002 $1.782.70 $0.00 $45.918.03 $0-00 50.00 $8,415.50 $37,502.53 RNVJJRWN 002 $250-59 $0.00 $6,500.00 $0.00 $0.00 $2.289.75 $4.210.25 RDSCC9NT 001 $328.04 $7,526.96 $0.00 $0.00 $0.00 $1,36624 $6,180.74 RXRKDBCP 001 $422.98 $11,186.17 50.00 $0.00 50.00 $5.020.34 166,165.83 RXJSLNMN 001 $335-92 58,960.69 $0.00 $0.00 $0.00 $4.20020 $4,780.49 R9XNKSMV 001 $1.529.12 $43,159.10 $0.00 $0.00 50.00 $43,159.10 RDWXRW?(C 001 $582-68 $16.312.81 $0.00 $0.00 -00 $0.00 S3,83740 $12,475.41 RFRYGKRL 001" $96.17 $5,412.39 $0,00 $0-00 RKGXQJSV 001 $134.76 $1,135.18 $4,411.97 Total• Loans 48 ctiva Loans 35 $21.W5-38 $0.00 $31.888.73 $0-00 x0.00 $2,826.32 $29,082.41 Total-A $21,856.38 5538.00'5.07 $195,961.06 $0.00 $1.53927 $227,435.46 $508,06.9.94 Total-Warned Loans 4 $469.817.15 Deemed Distributed Loan (DDL} Interest $38.252-79 taxable(Deemed Distributed). as Principal Amount: This refers to the interest accrued and repayment of interest after a loan has been reported to the IRS as Page 10 of 10 3038% 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 113 of 182 457 Plan Beneficiaries February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 114 of 182 I�A�Ac Annual Financial Report for iYYour 457 Deferred Compensation Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY Return Mail Processing Only PO BOX 669 South Windsor.CT 06074-0669 Winning Solutions for You and Your Employees INOK JAMIE KINGCONTRA (BENE) Are you submitting termination dates as soon as CON RA (BE PLACE administratively possible? If not, start doing so today. It's MARTINEZ CA LACE easy and it helps alleviate delays when your former 94553 employees request disbursements. Simply log in to EZLink to submit termination dates for any employees who are transitioning. Januar 1,2018 -December 31, 2018 Account Summary This Period Year-to-Date Total Plan Assets $611,272.79 Beginning Balance $664,684.90 $664,684.90 Distributions/Other Debits -$36,124.20 -$36,124.20 kf You.Need Assistance Gain/Loss -$17,287.91 -$17,287.91 Call Your Client Services Team 800-326-7272 Ending Balance $611,272.79 $611,272.79 Automated Access 24 hours/7 days Website www.icmarc.org ''Asset Alloeation Asset Percentage Balance Category of Assets U.S. Stock 100 •.. $611,272.79 111111111 Total Assets 100% $611,272.79 Plan Name CONTRA (BENE) Plan Number 593896 If any of your data is incorrect, please contact Client Services so that we can update your records. Page 1 of 2 Please review your statement carefully. If you believe there is an error, please notify ICMA-RC at 800-326-7272 within 90 days n f quarter end. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 115 of 182 Annual Financial Report for Your 457 Deferred Compensation Plan January 1, 2018 - December 31, 2018 Allocation Summary by Fund Percent Units/ Unit/Share Ending Investment of Assets Shares Value Balance U.S. Stock VT Contrafund 1005,179 4000 $11802 $611,27279 Total 100% $611,272.79 Activity Summary by Fund Beginning Contributionsl Distributions! Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance U.S. Stock Vantagepoint 500 Stock Idx R5 $163,915.81 $0.00 -$1,462.62 -$166,203.12 $0.00 $3,749.93 $0.00 VT Contrafund $500,769.09 $0.00 -$34,661.58 $166,203.12 $0.00 -$21,037.84 $611,272.79 Total Account $664,684.90 $0.00 -$36,124.20 $0.00 $0.00 -$17,287.91 $611,272.79 Aryt _ Contributions/Other Credits J Distributions/Other Debits I Distributions -$36,124.20 Total $0.00 1 Total -$36,124.20 c .ourit Balance by Source Pre-Tax $611,27279 Total Employer/Employee $611,272.79 Page 2 of 2 593896 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 116 of 182 457 PTS Plan Temporary Employees (Contributed by Employees) February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 117 of 182 �A A�� Annual Financial Report for 1 I A Z Your 457 Deferred Compensation Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY Return Mail Processing Only PO BOX 669 South Windsor CT 06074-0669 REMOVED Winning Solutions for You and Your Employees CENTRAL CONTRA COSTA SD(PTS) Are you submitting termination dates as soon as 5019 IMHOFF PLACE administratively possible? If not, start doing so today. It's easy and it helps alleviate delays when your former MARTINEZ CA 94553 employees request disbursements. Simply log in to EZLink to submit termination dates for any employees who are transitioning. L�Ja r'VWV 1, 2018 - December 31, 2018I AooQurit Summary This Period Year-to-Date Total Plan Assets $323,067.37 Beginning Balance $330,612.19 $330,612.19 Contributions/Other Credits $137,988.98 $137,988.98 _ Distributions/Other Debits -$148,467.02 -$148,467.02 You 'Need Assistance Fees -$1,915.82 -$1,915.82 Call Your Client Services Team 800-326-7272 Gain/Loss $4,849.04 $4,849.04 Automated Access 24 hours/7 days Ending Balance $323,067.37 $323,067.37 Website www.icmarc.org Asset Allocation Asset Percentage Balance Category of Assets Stable Value/Cash Managemem 100% $323,067.37 Plan Name CENTRAL CONTRA COSTA SD (PTS) Total Assets 100% $323,067.37 Plan Number 307144 If any of your data is incorrect, please contact Client Services so that we can update your records. Page 1 of 3 Please review your statement carefully If you believe there is an error, please notify ICMA-RC at 800-326-7272 wth,n 90 days of quarter end February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 118 of 182 Annual Financial Report for Your 457 Deferred Compensation Plan January 1, 2018 - December 31, 2018 ,Allocation Su!m- mart' by Fund Percent Units/ Unit/Share Ending Investment of Assets Shares Value Balance Stable Value/Cash Management Vantagepoint PLUS F ird R1 100% N/A N/A $323,067.37 Total 100% $323,067.37 Activity Lfrnmary by Fund Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance Stable Value/Cash Management Vantagepoint PLUS Fund R1 $330,612.19 $137,98898 -$148,467.02 $000 $1,915.82 $4,84904 $323,067.37 Total Account $330,612.19 $137,988.98 -$148,467.02 $0.00 -$1,915.82 $4,849.04 $323,067.37 Contributions/Other Credits Distributions/Other Debits Contributions $137,98898 Distributions -$47,275.80 Misc. Debts -$101,191.22 Total $137,988.98 Total -$148,467.02 Pre-Tax $323,067.37 Total Employer/Employee $323,067.37 Page 2 of 3 307144 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 119 of 182 I�►YA VA Annual Financial Report for Your 457 Deferred Compensation Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 ContrZbutfGn Summary Contributions Date Employer/Employee This Period $137,988.98 01/31/2018 $10,018.26 Year to Date $137,988.98 02/28/2018 $14,867.51 03/29/2018 $14,967.61 Activity dated outside the current period reflects 04/27/2018 $13,801.41 adjustments to your account to ensure proper crediting 05/30/2018 $15,012.09 of earnings. 06/29/2018 $13,117.69 07/31/2018 $12,829.25 08/31/2018 $12,845.49 09/28/2018 $8,112.68 10/31/2018 $8,195.99 11/30/2018 $7,413.84 12/28/2018 $6,807.16 Cash received from Employer $137,988.98 i Total Contributions $137,988.98 Page 3 of 3 307144 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 120 of 182 401A P1 (District Contributions) February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 121 of 182 �� Annual Financial Report for ll� C Your 401 Qualified Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY Return Mail Processing Only PO BOX 669 South Windsor,CT 06074-0669 Winning Solutions for You and Your Employees REMOVED CENTRAL CONTRA COSTA SANT DIST Are you submitting termination dates as soon as 5019 RAL CO PLACE administratively possible? If not,start doing so today. It's MARTINEZ CA LACE easy and it helps alleviate delays when your former 94553 employees request disbursements. Simply log in to EZLink to submit termination dates for any employees who are transitioning. Janus 1,2018 - December 31, 2018 Account Summa This Period Year-to-Date Total Plan Assets $43,221,346.70 Beginning Balance $45,923,142.42 $45,923,142.42 Contributions/Other Credits $2,475,166.00 $2,475,166.00 If You Need Assistance _ 4 Distributions/Other Debits -$3,179,996.85 -$3,179,996.85 Fees -$460.00 -$460.00 Call Your Client Services Team 800-326-7272 Gain/Loss -$1,996,504.87 -$1,996,504.87 Automated Access 24 hours/? days Ending Balance $43,221,346.70 $43,221,346.70 Website www.icmarc.org Asset Allocation Asset Percentage Balance Category of Assets Plan Data _ Stable Vatue/Cash Management 28% $12,022,733.66 Plan Name CENTRAL CONTRA COSTA SANT DIST Bond 2% $824,030.93 Plan Number 109623 Guaranteed Lifetime Income 3% $1,286,312.99 If any of your data is incorrect, please contact Client Services so Balanced/Asset Allocation 22% $9,411,399.32 �1 that we can update your records. U.S. Stock 39% $17,134,043.31 Illlll■ International/Global Stock 4% $1,655,211.91 Specialty 2% $887,614.58 Total Assets 100% $43,221,346.70 Page 1 of 8 Please review your statement carefully. If you believe there is an error please notify ICMA-RC at 800-326-7272 within 90 days of quarter end February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 122 of 182 Annual Financial Report for Your 401 Qualified Plan January 1, 2018 - December 31, 2018 Allocation Summary by Fund Percent Units/ UnWShare Ending Investment of Assets Shares Value Balance Stable Value/Cash Management Vantagepoint PLUS Fund R7 27% N/A N/A $11,756,626.00 VT Cash Management 1% 262,671.9365 $1.01 $266,107.43 Welcome 0% 0.1327 $1.77 $0.23 Bond Vantagepoint Core Bond Idx R5 1% 33,318.1146 $11.54 $384,491.05 VT Western Asset Core Plus Bnd 1% 21,537.9539 $11.60 $249,840.28 Vantagepoint Infltn Focused R7 0% 10,237.3973 $11.50 $117,730.06 VT PIMCO High Yield 0% 8,329.8062 $8.64 $71,969.54 Guaranteed Lifetime Income VT Retirement IncomeAdvantage 3% 79,389.0160 $1620 $1,286,312.99 Balanced/Asset Allocation VP Milestone Ret Income R7 0% 5,790.0934 $12.77 $73,939.50 Vantagepoint Milestone 2010 R7 0% 8,407.1379 $13.57 $114,084.86 Vantagepoint Milestone 2015 R7 1% 13,285.7306 $14.28 $189,72023 Vantagepoint Milestone 2020 R7 1% 19,638.3744 $15.01 $294,771.99 Vantagepoint Milestone 2025 R7 1% 32,602.6442 $15.44 $503,384.83 Vantagepoint Milestone 2030 R7 1% 35,783.4401 $16.09 $575,755.56 Vantagepoint Milestone 2035 R7 2% 37,795.3994 $16.50 $623,624.09 Vantagepoint Milestone 2040 R7 2% 44.350.2438 $17.23 $764,154.65 Vantagepoint Milestone 2045 R7 1% 16,984.4450 $18.74 $318,288.51 Vantagepoint Milestone 2050 R7 0% 2,285.5467 $15.93 $36,408.76 Vantagepoint Milestone 2055 R7 0% 634.4346 $11.15 $7,073.95 Vantagepoint MP Cons Growth R7 1% 9,604.0120 $31.27 $300,317.45 Vantagepoint MP Trad Growth R7 4% 56,050.5652 $32.53 $1,823,324.91 Vantagepoint MP Lng-Trm Gr R7 4% 49,788.0338 $33.21 $1.653,460.64 Vantagepoint MP Glbl Eq Gr R7 4% 46,271.5191 $33.65 $1,557,036.61 VT Puritan Fund 1% 25,670.8015 $22.44 $576,052.78 Page 2 of 8 109623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 123 of 182 A� I��p� Annual Financial Report for TT�� Your 401 Qualified Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 Allocation Summary by Fund (continued) Percent Units/ UnWShare Ending Investment of Assets Shares Value Balance U.S. Stock Vantagepoint Equity Income R7 4% 108,126.2638 $14.24 $1,539,717.97 VT Invesco Diversified Div 0% 6,140.9746 $18.83 $115,634.55 VT MFS Value 1% 7,705.6617 $36.56 $281,719.00 Vantagepoint 500 Stock Idx R5 4% 81,216.2379 $20.96 $1,702,292.35 Vantagepoint Broad Mkt Idx R5 10% 193,140.3926 $22.23 $4,293,510.90 Vantagepoint Growth &Inc R7 2% 38,176.4996 $20.33 $776,128.19 VT Parnassus Core Equity 0% 1,771.8868 $42.59 $75,464.65 VT Oppenheimer Main Street 0% 1,109.5544 $46.68 $51,794.00 Vantagepoint Growth R7 2% 52,534.9019 $19.01 $998,688.50 VT Contrafund 6% 21,677.3569 $118.02 $2,558,361.64 VT T Rowe Price Growth Stock 1% 8,032.5341 $60.48 $485,807.68 Vantagepoint Select Value R7 0% 3,867.2317 $16.46 $63,654.63 VT Victory Sycamore Est Value 0% 1,443.9174 $36.54 $52,760.75 Vantagepoint Aggressive Ops R7 4% 88,809.1640 $18.32 $1,626,983.86 VT AMG TimesSquare Mid Cap Gr 2% 51,152.9503 $17.56 $898,245.82 VT Carillon Eagle Mid Cap Gr 0% 2,836.3553 $55.70 $157,984.99 VT LSV Small Cap Value 0% 1,885.4476 $12.78 $24,096.03 Vantagepoint Md/Sm Co Idx R5 2% 37,420.9006 $26.00 $972,943.39 Vantagepoint Discovery R7 0% 7,290.9947 $16.34 $119,134.81 VT Oppenheimer Discovery 1% 4,018.9572 $84.38 $339,119.60 International/Global Stock VT ClearBndge Intl Value 0% 10,369.9570 $9.42 $97,685.00 Vantagepoint International R7 1% 37,529.0611 $11.91 $446,971.07 Vantagepoint Ovrseas Eq Idx R5 1% 44,102.0674 $12.30 $542,455.44 VT Diversified International 1% 16,303.3553 $33.92 $553,009.82 Vantagepoint Emerging Mrkts R7 0% 1,730.5713 $8.72 $15,090.58 Page 3 of 8 109623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 124 of 182 Annual Financial Report for Your 401 Qualified Plan January 1, 2018 - December 31, 2018 Allocation Summary by Fund (continued) - Percent Units/ Unit/Share Ending Investment of Assets Shares Value Balance Specialty VT Nuveen Real Estate Secs 1% 18,923.1401 $1942 $367,487.38 VantageBroker 1% N/A N/A $520,127.20 Total 100% $43,221,346.70 Activity Summate by Fund - Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance Stable Value/Cash Management Vantagepoint PLUS Fund R7 $11,263,877.20 $301,852.74 -$1,018,426.71 $971,444.34 -$205.65 $238,084.08 $11,756,626.00 VT Cash Management $210,523.98 $50,946-72 -$44,636.04 $46,313-64 $0.00 $2,959.13 $266,107.43 Welcome $0.23 $0-00 $0.00 $0.00 $0.00 $0.00 $0.23 Bond Vantagepoint Core Bond Idx R5 $267,414.16 $14,146.47 $0-00 $102,010.81 $0-00 $919.61 $384,491.05 VT Western Asset Core Plus Bind $239,035.60 $16,795.02 -$7,549.98 $6,052.85 $0.00 -$4,493.21 $249,840.28 Vantagepoint Infltn Focused R7 $100,773.27 $717-66 $000 $18,156.29 $0.00 41,917.16 $117,730.06 VT PI MCO High Yield $147,349.42 $14,399.03 $0-00 488,502-31 $0.00 -$1,276.60 $71,969.54 Guaranteed Lifetime Income VT Retirement IncomeAdvantage $1.259,874-61 $2,880-24 -$13,27332 $115,362-34 $0-00 -$78,530.88 $1,286,312.99 Page 4 of 8 109623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 125 of 182 ��,.A A t]11rv'"� Annual Financial Report for t. Your 401 Qualified Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 ActivtW Summary by Fund (co dinned) Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance Balanced/Asset Allocation VP Milestone Ret Income R7 $64,603-88 $11,892.82 -$2.34 -$9.19 $0-00 -$2,545.67 $73,939.50 Vantagepoint Milestone 2010 R7 $118,987.36 $59,80264 -$59,805-47 -$353.57 $0.00 -$4,546-10 $114,084.86 Vantagepoint Milestone 2015 R7 $198,546-57 $0-00 -$0.69 $335.57 $0.00 -$9,161.22 $189,720.23 Vantagepoint Milestone 2020 R7 $184,398-09 $82,398.79 -$3,497.36 $44,204.90 $0-00 -$12,732.43 $294,771.99 Vantagepoint Milestone 2025 R7 $616,877.47 $35,581.66 -$175,426.16 $51,051.01 $0.00 -$24,699.15 $503,384.83 Vantagepoint Milestone 2030 R7 $670,676.48 $67,526.46 $0.00 4115,345.91 $0-00 -$47,101.47 $575,755.56 Vantagepoint Milestone 2035 R7 $637,207-50 $87,963.97 $0.00 -$42,447.23 $0.00 -$59,100.15 $623,624.09 Vantagepoint Milestone 2040 R7 $687,201-16 $109,241-03 $0.00 $41,739.78 $0-00 -$74,027.32 $764,154.65 Vantagepoint Milestone 2045 R7 $318,865.62 $81,633.43 -$0.57 -$50,773.43 $0.00 -$31,436.54 $318,288.51 Vantagepoint Milestone 2050 R7 $22,792-85 $20,046.41 $0.00 -$3,012.02 $0-00 -$3,418.48 $36,408.76 Vantagepoint Milestone 2055 R7 $7,339.84 $5,460.83 $0.00 -$4,951.19 $0-00 -$775-53 $7,073.95 Vantagepoint MP Cons Growth R7 $395,534.84 $0.00 -$7,361.19 -$74,057.29 $0.00 -$13,798.91 $300,317-45 Vantagepoint MP Trad Growth R7 $1,978,245.18 $183,103.47 -$227,517.20 $1,291.26 $0.00 -$111,797.80 $1,823,324.91 Vantagepoint MP Lng-Trm Gr R7 $2,058,860.32 $101,684.40 -$206,470.61 -$178,768.58 -$40.00 -$121,804.89 $1,653,460.64 Vantagepoint MP Glbl Eq Gr R7 $2,160,045.77 $113,177.02 -$141,052.99 -$407,531.58 $0.00 -$167,601.61 $1,557,036.61 VT Puritan Fund $581,487-34 $14,480.05 -$1,500.00 $7,284.56 $0.00 -$25,699.17 $576,052.78 U.S.Stock Vantagepoint Equity Income R7 $1,832,486.07 $75,635.56 -$43,695.93 -$123,246-96 -$5.36 -$201,455.41 $1,539,717.97 VT Invesco Diversified Div $152,305-64 $4,622.20 -$17,608.26 -$10,498.35 $0-00 -$13,186.68 $115,634.55 VT MFS Value $488,275.10 $12.826.31 -$4-65 -$185,402.45 $0.00 -$33,975.31 $281,719.00 Vantagepoint 500 Stock Idx R5 $1,680,974-99 $128,130.34 -$66,579.01 $34,433.02 $0.00 -$74,666.99 $1,702,292.35 Vantagepoint Broad Mkt Idx R5 $4,563,488.76 $240,597.37 -$142,760-94 -$140,788-47 -$9-75 $227,016.07 $4,293,510.90 Vantagepoint Growth &Inc R7 $869,948-23 $33,353.20 -$42,088.72 -$32,093-82 $0-00 -$52,990.70 $776,128.19 VT Parnassus Core Equity $102,705-03 $4,472.32 $0-00 -$32,179.09 $0.00 $466.39 $75,464.65 VT Oppenheimer Main Street $55,892.33 $1,990-22 -$906.72 -$892.46 $0.00 -$4,289-37 $51,794.00 Vantagepoint Growth R7 $1,203,457.18 $29,375.07 -$124,352.76 -$114,830-63 -$16.65 $5,056.29 $998,688.50 VTContrafund $2,674,365-11 $108,979.75 -$233,209-32 $58,559.46 -$102.13 -$50,231-23 $2,558,361.64 VT T Rowe Price Growth Stock $498,178.32 $36,752.72 -$18,795.00 -$27.697-52 -$20.15 -$2,610.69 $485,807-68 Page 5 of 8 109623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 126 of 182 Annual Financial Report for Your 401 Qualified Plan January 1, 2018 - December 31, 2018 Activity Summary.by Fund 1continuedl Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Bala nce U.S.Stock lcontrnuedl Vantagepoint Select Value R7 $57,729.89 $7,654.80 $0.00 $11,565.87 $0.00 -$13,295.93 $63,654.63 VT Victory Sycamore Est Value $58,620.83 $2,624.23 $0.00 -$1,261.11 $0.00 -$7,223.20 $52,760.75 Vantagepoint Aggressive Ops R7 $2,090,134.85 $51,940.86 -$121,171.95 -$294,895.14 -$40.00 -$98,984.76 $1,626,983.86 VT AMG TimesSquare Mid Cap Gr $943,990.82 $53,333.33 •$12,016.08 $43,094.46 $0.00 •$43,967.79 $898,245.82 VT Carillon Eagle Mid Cap Gr $140,565.28 $11,419.48 $0.00 $12,326.67 $0.00 -$6,326.44 $157,984.99 VT LSV Small Cap Value $0.00 $569.06 $0.00 $29,552.31 $0.00 -$6,025.34 $24,096.03 Vantagepoint Md/Sm Co Idx R5 $1,236,304.29 $86,193.27 -$33,771.72 -$208,781.35 •$9.09 -$106,992.01 $972,943.39 Vantagepoint Discovery R7 $195,049.45 $9,184.44 -$17,887.43 -$56,292.77 •$3.80 -$10,915.08 $119,134.81 VT Oppenheimer Discovery $220,715.40 $19,163.69 -$14,675.54 $229,890.82 $0.00 -$115,974 77 $339,119.60 International/Global Stock VT ClearBndge Intl Value $0.00 $2,210.75 $0.00 $101,461.77 $0.00 -$5,987.52 $97,685.00 Vantagepoint International R7 $422,954.47 $22,139.04 -$10,497.25 $81,315.69 $0.00 -$68,940.88 $446,971.07 Vantagepoint Ovrseas Eq Idx R5 $458,927.44 $45,714.90 -$21,644.80 $142,335.07 $0-00 -$82,877.17 $542,455.44 VT Harbor International $180,189.24 $7,388.70 -$13,954.11 -$155,765.88 -$3.00 -$17,854.95 $0.00 VT Diversified International $704,117.68 $24,921.43 -$16,298.76 -$60,005.92 -$4.42 -$99,720.19 $553,009.82 Vantagepoint Emerging Mrkts R7 $0-00 $3,370.14 $0.00 $14,906.32 $0.00 -$3,185.88 $15,090.58 Specialty VT Nuveen Real Estate Secs $362,800-42 $74,871.96 -$321,557.27 $274,229.13 $0.00 -$22,856.86 $367,487.38 VantageBroker $538,446.86 $0-00 $0.00 $57,655.20 $0.00 •$75,974.86 $520,127.20 Total Account $45,923,142.42 $2,475,166.00 -$3,179,996.85 $0.00 -$460.00 -$1,996,504.87 $43,221,346.70 (1) Note: Your brokerage account balance reflects account activity through the second to last business day of the quarter. For quarter-end information, please review your brokerage account statement or contact TD Ameritrade. Page 6 of 8 109623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 127 of 182 S „ p Annual Financial Report for 1C 1VMAR Your 401 Qualified Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 Activity_Detail Conbfbutionsl0therCredits Distribudons/OiherDebits Contributions $2,209,401.18 Distributions 43,019,979.52 Roll-Ins $96,586.42 Beneficiary Transfers -$160,017.33 Beneficiary Transfers $160,017.33 Misc. Credits $9,161.07 Total $2,475,166.00 Total -$3,179,996.85 Account Balance by Source Total Employer $38,449,353.19 Pre-Tax $4,771,993.51 Total Rollover $4,771,993.51 Ending Balance $43,221,346.70 Contribution Summary contrtibutions Roll-ins Date Employer This Period $2,209,401.18 $96,586.42 01/31/2018 $244,063.03 Year to Date $2,209,401.18 $96,586.42 02/28/2018 $185,705.78 Active dated outside the current 0329/2018 $184,036.09 Activity period reflects 0427/2018 $201,598.60 adjustments to your account to ensure proper crediting 05/30/2018 $179,717.16 of earnings. 06/29/2018 $179,694.08 07/31/2018 $227,997.87 08/31/2018 $224,851.41 0928/2018 $165,860.52 10/052018 $23,67 10/31/2018 $155,681.61 11/30/2018 $149.577.66 12/10/2018 $643.37 12282018 $109,950.33 Page 7 of 8 109623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 128 of 182 Annual Financial Report for Your 401 Qualified Plan January 1, 2018 - December 31, 2018 Contribution Summary feontinued) Coranbutlons RoH-ins Date Employer Cash received from Employer $2,209,401.18 Total Contributions $2,209,401.18 Page 8 of 8 109623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 129 of 182 401 A Plan Beneficiaries February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 130 of 182 �� A � Annual Financial Report for IC IYV R Your 401 Qualified Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY Return Mail Processing Only PO BOX 669 South Windsor,CT 06074-0669 Winning Solutions for You and Your Employees INOK JAMIE KINGCENTRAL CONTRA COSTA SD(BENE) Are you submitting termination dates as soon as PLACE 5019 IMHOFF administratively possible? If not, start doing so today. It's MARTINEZ F LACE easy and it helps alleviate delays when your former 94553 employees request disbursements. Simply log in to EZLink to submit termination dates for any employees who are transitioning. e%ta"wary 1. 2'0`B - December 81, 2.0'18 Account 5ull"'nary This Period Year-to-Date Total Plan Assets $228,290.22 Beginning Balance $246,311.19 $246,311.19 _ Distributions/Other Debits -$8,814.96 -$8,814.96 � f You Wood Assistance Gain/Loss -$9,206.01 -$9,206.01 Call Your Client Services Team 800-326-7272 Ending Balance $228,290.22 $228,290.22 Automated Access 24 hours/7 days Website www.icmarc.org -Asset Allocation Asset Percentage Balance Category of Assets Stable Value/Cash Management 20% $45,483.26 � U.S. Stock 80% $182,806.96 _ Total Assets 100% $228,290.22 Plan Name CENTRAL CONTRA COSTA SD(BENE) Plan Number 299623 If any of your data is incorrect, please contact Client Services so that we can update your records. Page 1 of 3 Please review your statement carefully I you believe there+s an error, please notify ICMA RC at 800-326-7272 wethm 90 days of quarter end February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 131 of 182 Annual Financial Report for Your 401 Qualified Plan January 1, 2018 - December 31, 2018 Alloeetion Summary by Fund Percent Units/ Unit/Share Ending Investment of Assets Shares Value Balance Stable Value/Cash Management Vantagepoint PLUS Fund R7 20� N/A N/A $45,483.26 U.S. Stock Vantagepoint Broad Mkt Idx R5 8% 840.2506 $22.23 $18,678.77 VT Contrafund 68% 1,312.0542 $118.02 $154,848.64 VT AMG TimesSquare M)d Cap Gr 4% 528.4482 $17.56 $9,279.55 Total 100% $228,290.22 Activity Summary by Fund l"` Beginning Contributions/ Distributions/ Ending Investment Balance Other Credits Other Debits Transfers Fees Gain/Loss Balance Stable Value/Cash Management Vantagepoint PLUS Fund R7 $44,539.66 $0.00 $0.00 $0.00 $0.00 $943.60 $45,48326 U.S. Stock Vantagepoint Broad Mkt Idx R5 $19,729.08 $0.00 $0.00 $0.00 $0.00 -$1,050.31 $18,678.77 VT Contrafund $10,124.64 $0.00 $8,080.38 $169,624.28 $0.00 -$16,819.90 $154,848.64 VT AMG TimesSquare Mid Cap Gr $9,723.45 $0.00 $0.00 $0.00 $0.00 •$443.90 $9,279.55 Vantagepoint Md/Sm Co Idx R5 $162,194.36 $0.00 -$734.58 -$169,624.28 $0.00 $8,164.50 $0.00 Total Account $246,311.19 $0.00 -$8,814.96 $0.00 $0.00 -$9,206.01 $228,290.22 ActivIty. Detail Contributions/Other Credits DistributionslOther Debits Distributions -$8,814.96 Total $0.00 Total -$8,814.96 Page 2 of 3 299623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 132 of 182 ��1Y1A A�� Annual Financial Report for Your 401 Qualified Plan BUILDING PUBLIC SECTOR RETIREMENT SECURITY January 1, 2018 - December 31, 2018 Account Balance by Source Total Employer $228,290.22 Page 3 of 3 299623 0305 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 133 of 182 Fund erformance And Fees (Fund perfomance results are the same for both the 457 and 401A plans; therefore, only the 457 results are shown in an effort to eliminate redundancy) The following report also discloses the expense ratios by fund, and changes to the fund lineup that occurred during 2018. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 134 of 182 Fund Performance IARC CENTRAL CONTRA COSTA SANI DIST BUILDING PUBLIC WTIDI Quarterly Report as of 12/31/2018 REHRIMENT 3EORIIY Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed. may be worth more or less than their original cost. For current performance, visit www.icmarc.org. Stable Value/Cash Management Prior QTR Gross Net Ended 1 3 5 10 Since Inception Expense Expense Fund Name 12/31/2018 YTD Year Year Year Year Inception Date Ratio Ratio Vantagepoint PLUS Fund R7 B'C ° 2.21% 2.12% 2.12% 1.97% 1.94% 1 2.45% - Oct 2013 0.72% 0.72% VT Cash Managements E c 0.47% 1.46% 1.46% 0.66% 0.39% 0.21% - Mar 1999 0.44% 0.44% J Bond Prior QTR Gross Net Ended 1 3 5 10 Since Inception Expense Expense Fund Name 12/31/2018 YTD Year Year Year Year Inception Date Ratio Ratio Vantagepoint Core Bond Idx R5c E " ' 1.58% (0.26%) (0.26%) 1.83% 2.30% 3.25% - Apr 1999 0.24% 0.19% VT Western Asset Core Plus Bndc,E,H.II 0.78% (1..53%) (1.53%) 3.34% - - 2.45% Jan 2015 0.52% 0.45% Vantagepoint Infl Foc R7c'D. E'" (0.69%) (1.63%) (1.63%) 1.90% 1.26% 3.04% - Oct 2013 0.51% 0.51 VT PIMCO High Yield ' C ' (4.21%)E H I (2.79%) (2.79%) 5.27% 3.31% 9.20% - Jul 2002 0.82% 1 0.82% _T Gross Net Guaranteed Lifetime Income Prior QTR Ended 1 35 10 Since Inception Expense Expense Fund Name 12/3112018 YTD Year Year Year Year Inception Date Ratio Ratio VT Retirement IncomeAdvantage` E J (8.27%) (5.73%) (5.73%) 3.95% 3.14% - 5.95% Aug 2010 1.70% 1.70% Page 1 of 6 ©Copyright 1996-2019 ICMA Retirement Corporation.All Rights Reserved. 109623 EZLink is an electronic Intemet-based administrative tool offered by ICMA-RC to assist our clients wrath their retirement plan administration To the extent EZLink and other electronic Intemet-based products and services offered by ICMA-RC are accessed and utilized by the client or client's employees and personnel ICMA-RC bears no responsibility or Lability for such use by those individuals accessing non-public personal information and failing to protect such information as required by law February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 135 of 182 Quarterly Report as of 12/31/2018 Balanced/Asset Allocation Prior QTR Gross Net Fund Name Ended 1 3 5 10 Since Inception Expense Expense 12/31/2018 YTD Year Year Year Year Inception Date Ratio Ratio VP Milestone Ret Inc R7c °E•" " (4.34%) (3.33%) (3.33%) 3.64% 2.59% 5.19% - Oct 2013 0.65% 0.56% VP Milestone 2010 R7c °E. g K (4.91%) (3.83% o (3.83%) 3.81% 2.77% 6.15/o Oct 2013 0.66% 0.56% VP Milestone 2015 R7c,o:E,II,K F6.18% ° ° ) (4.61 /o) (4.61/o) 4.04% 2.93% 7.00% - Oct 2013 0.67% 0.60% VP Milestone 2020 R7 C.D. E."•K (6.83%) (4.82% ° ° ° o (4.82/o) 4.54/0 3.27/0 7.70/o - Oct 2013 0.699/o 0.62% VP Milestone 2025 R7 o,E.It,K (8.42%) (6.08%) (6.08%) 4.81% 3.420/0 8.34% - Oct 2013 0.71% 0.64% VP Milestone 2030 R7c.°,E,It.K (9.96%) (7.26%) (7.26%) 5.05% 3.57% 8.950/o - Oct 2013 0.740/o 0.66% VP Milestone 2035 R7 C,°•E.11•K (11.19%) (8.28%) (8.28%) 5.35% 3.73% 9.56% - Oct 2013 0.75% 0.67% VP Milestone 2040 R7';,°,E,",K 11.96% ° ° ( ) (8.69/o) (8.69/o) 5.82% 3.96% 10.09% - Oct 2013 0.77% 0.69% VP Milestone 2045 R7c,o,E.11,K (12.47%) (8.980/, ° ° 0 0 (8.98/o) 6.15/0 4.11/o - 8.11 /o Oct 2013 0.79% 0.69% VP Milestone 2050 R7 C.°,E.Il,K ° o 0 0 0 (12.71%) (9.18/o) (9.18/o) 6.17/0 4.08/o - 7.72/o Feb 2014 0.80% 0.70% VP Milestone 2055 R7c•D.E.II,K (12.62%) (9.13% ° o (9.13/o) 6.17/o _ - 6.17% Nov 2016 0.84% 0.69% Vantagepoint MP Cons Gr R7c•o,E (5.78%) (4.14%) (4.14%) 3.66% 2.50% 5.98% - Oct 2013 0.699% 0.69% Vantagepoint MP Trad Gr R7c•D. E (9.01%) (5.796/o) (5.79%) 5.03% 3.51% 7.87% - Oct 2013 0.71% 0.71 Vantagepoint MP Lng-Trm Gr R7c,o,E (11.35%) (7.34%) (7.34%) 5.88% 4.06% 9.10% - Oct 2013 0.73% 0.73% Vantagepoint MP Glbl Eq Gr R7 C,D.E.L (13.43%) (9.86%) (9.86%) 5.83% 3.87% 10.57% - Oct 2013 0.80% 0.80% VT Puritan®Fund C.E.M (11.27%) (4.18%) (4.18%) 6.12% 6.14% 10.37% - Apr 1999 0.54% 0.545/, V.S. Stock Prior QTR Gross Net Ended 1 3 5 10 Since Inception Expense Expense Fund Name 12/31/2018 YTD Year Year Year Year Inception Date Ratio Ratio Vantagepoint Equity Income R7c•D.E,N (14.32%) (11.66%) (11.66%) 6.38% 3.81% 10.77% - o Oct 2013 0.61% 0.61% VT Invesco Diversified Divc'E'" " (9.03%) (7.56%) (7.565/.) 4.73% 5.64% - 5.98% Dec 2013 0.60% 0.58% VT MFS®Valued E 11 (11.56%) (9.86%) (9.86%) - - - (8.64%) Dec 2017 0.58% 0.58% Vantagepoint 500 Stock Idx R5c E " (13.53%) (4.60% ° ° o 0 (4.60/o) 9.06/0 8.28/0 12.91 /o - Apr 1999 0.24% 0.19% Vantagepoint Broad Mkt Idx R5c' 0. .E Apr 1999 0.24/0(14.27%) (5.32%) (5.32%) 8.84% 7.79% 13.04% - 0 19 0/o Vantagepoint Growth & Inc R7c•°E (13.93%) 1 (6.53% ° o 0 0 (6.53/o) 8.61/0 7.22/0 12.96/o - Oct 2013 0.57°l0 0.570/6 Page 2 of 6 ©Copyright 1996-2019 ICMA Retirement Corporation,All Rights Reserved. 109623 EZLtnk is an electronic,Intemet-based administrative tool offered by ICMA-RC to assist our clients month their retirement plan administration To the extent EZLmk and other electronic Intemet-based products and services offered by ICMA-RC are accessed and utilized by the dlent or client's employees and personnel.ICMA-RC bears no responsibility or liability for such use by those individuals accessing non-public personal information and failing to protect such information as required by law February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 136 of 182 Quarterly Report as of 12/31/2018 U.S tOCIC Prior QTR Gross Net Ended 1 3 5 10 Since Inception Expense Expense Fund Name 12/31/2018 YTD Year Year Year Year Inception Date Ratio Ratio VT Parnassus Core Equityc E (9.61%) (0.19%) (0.19%) 8.71% - - 6.58% Nov 2014 0.87% 0.87% VT Oppenheimer Main Streets E (13.68%) (7.66%) (7.66%) 6.46% 6.67% - 11.53% Dec 2011 0.67% 0.67% Vantagepoint Growth R7c o E N (15.40%) (0.68%) (0.68%) 9.05% 8.32% 12.70% - Oct 2013 0.65% 0.65% VT Contrafund®c 1,101 N (16.24%) (2.17%) (2.17%) 10.17% 9.30% 13.89% - Apr 1999 0.74% 0.74% VT T Rowe Price®Growth Stock E,N,o (14.18%) (1.27%) (1.27%) 10.01% 9.83% 15.81% - Dec 2004 0.92% 0.92% Vantagepoint Select Value R7c ° E,N.P (16.74%) (16.99%) (16.99%) 3.44% 2.22% 11.23% - Oct 2013 0.89% 0.89% VT Victory Sycamore Est Values,E,N'P (15.22%) (9.98%) (9.98%) - - - (0.63%) Jun 2017 0.60% 0.60% Vantagepoint Agg Opps R7 o,E,N,P (16.92%) (6.34%) (6.34%) 8.08% 5.33% 12.87% - Oct 2013 0.66% 0.66% VT AMG TimesSquare Mid Cap Grc'E.N.P (15.29%) (4.57%) (4.57%) 7.81% 5.77% - 6.45% Dec 2013 1.18% 1.18% VT Carillon Eagle Mid Cap Gr'-' E N'P (19.68%) (6.10%) (6.10%) - - - (5.61%) Dec 2017 0.79% 0.79% VT LSV Small Cap Value C E,N,t] (19.57%) (17.50%) (17.50%) - - - (16.37%) Dec 2017 1.08% 1.08% Vantagepoint Md/Sm Co Idx R5c,E,ll,o (18.47%) (10.07%) (10.07%) 7.26% 5.06% 13.35% - Apr 1999 0.25% 0.20% Vantagepoint Discovery R7c o,E:o (19.71%) (8.72%) (8.72%) 8.20% 4.34% 12.68% - Oct 2013 0.66% 0.66% VT Oppenheimer Discovery C E N 21.08%) (3.36%) (3.36%) 9.33% 5.54% - 7.08% Sep 2013 0.84% 0.84% International/Global Stock Prior QTR Gross Net Ended 1 3FY 10 Since Inception Expense Expense Fund Name 12/31/2018 YTD Year Yearar I Year Inception Date Ratio Ratio VT ClearBridge Intl Value" E N - - - - - - (5.80%) Oct 2018 0.99% 0.90% Vantagepoint International R7 C,D,E L (12.36%) (13.70%) (13.70%) 3.38% 1.02% 6.54% - Oct 2013 0.89% 0.89% Vantagepoint Ovrseas Eq Idx R5c'E,Il,L (12.46%) (13.44%) (13.44%) 3.11% 0.39% 6.01% - Apr 1999 0.30% 0.25% VT Diversified Internationals'E,L,N (14.15%) (15.24%) (15.24%) 1.10% 0.63% 6.75% - Dec 2004 0.81% 0.81 Vantagepoint Emerging Mrkts R7c o.E,L (7.53%) (1591%) (15.91%) - - - (2.84%) Dec 2017 Page 3 of 6 ©Copyright 1996-2019 ICMA Retirement Corporation.All Rights Reserved. 109623 EZLjnk is an electronic,Intemet-based administrative tool offered by ICMA-RC to assist our chants Huth their retirement plan administration To the extent EZLmk and other electronic Intemet-based products and services offered by ICMA-RC are accessed and utilized by the client or clienCs employees and personnel.ICMA-RC bears no responsibility or liability for such use by those individuals accessing non-public personal information and failing to protect such information as required by law February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 137 of 182 Quarterly Report as of 12/31/2018 Specialty Prior-QTRGross Net Ended 1 3 5 ;;Year 0 Since Inception Expense Expense Fund Name 12/31/2018 YTD Year Year Year Inception Date Ratio Ratio VT Nuveen Real Estate Secs",E.R (6.45%) (5.50%) (5.50%) 2.15% 7.68% - 14.39% Jul 2009 1.04% 1.04% GENERAL Disclosures Investment options listed were available at the time this information was generated and can change overtime. Investment option performance is available the 5th business day after month end and benchmark/peer group performance is available on the 10th business day after quarter end. Information prior to those time periods may be incomplete. Please refer to hftp://www.icmarc.org/for-individuals/plansmart/glossary.html for a glossary of investment and fee related terms. INVESTMENT OPTION Disclosures A. Vantagepoint PLUS Fund return is annualized for all periods. B. ICMA-RC and your employer may negotiate a different fund management or service fee for your Plan that would lower the total expense ratio. The performance and total expense ratio shown do not reflect any such alternative fee arrangements. C. Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances- There is no guarantee that the Fund will meet its investment objective and you can lose money. D. Performance information for this class prior to its inception date is the performance of the Fund adjusted to reflect the estimated fees and expenses of this class. E. The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of ICMA-RC. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, and is only available for investment by such eligible trusts and plans.The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the VantageTrust Funds Disclosure Memorandum,which is available when plan administration clients log in at www.icmarc.org, at www.vantagepointfunds.org for institutions, or upon request by calling 800-669-7400. F. The Fund is offered to Defined Contribution Investment Only(DCIO)clients through ICMA-RC Services, LLC (RC Services), an SEC registered broker-dealer and FINRA member firm. RC Services is a wholly-owned subsidiary of ICMA-RC and an affiliate of VantageTrust Company, LLC. Page 4 of 6 ©Copyright 1996-2019 ICMA Retirement Corporation.All Rights Reserved. 109623 EZLink is an electronic,Intemet-based administrative tool offered by ICMA-RC to assist our clients with their retirement plan administration To the extent EZLink and other electronic Intemet-based products and services offered by ICMA-RC are accessed and utilized by the client or client's employees and personnel.ICMA-RIC bears no responsibility or liability for such use by those individuals accessing non-public personal information and failing to protect such information as required by law February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 138 of 182 Quarterly Report as of 12/31/2018 G. The Fund is invested in a single registered mutual fund,the Fidelity Money Market Government Portfolio. Investments in the fund are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. It is possible to lose money by investing in the fund. H. A fixed income fund is subject to credit risk and interest rate risk. Credit risk is when an issuer of a fixed income security may be unable or unwilling to make payments of principal or interest to the holders of these securities or may declare bankruptcy. Fixed income securities fluctuate in value as interest rates change. When interest rates rise, the market prices of fixed income securities will usually decrease;when interest rates fall,the market prices of fixed income securities usually will increase. I. Funds that invest primarily in high yield bonds(bonds that are rated below investment grade and also known as"junk bonds") are subject to additional risk as these high yield bonds are considered speculative and involve a greater risk of default than"investment grade"securities.The values of these securities are particularly sensitive to changes in interest rates, issuer creditworthiness, and economic and political conditions.The market prices of these securities may decline significantly in periods of general economic difficulty, may be harder to value, and may be less liquid than higher rated securities. J. Prudential Retirement Insurance and Annuity Company(Prudential), CA COA#08003, Hartford, CT. Neither Prudential nor ICMA-RC guarantees the investment performance or return on contributions to Prudential's Separate Account.You should carefully consider the objectives, risks, charges, expenses and underlying guarantee features before purchasing this product. Prudential may increase the Guarantee Fee in the future,from 1.00% up to a maximum of 1.50%. Like all variable investments,this Fund may lose value.Availability and terms may vary by jurisdiction; subject to regulatory approvals.Annuity contracts contain exclusions, limitations, reductions of benefits and terms for keeping them in force. Guarantees are based on Prudential's claims-paying ability.This annuity is issued under Contract form#GA-2020-TGWB4-0805-RC. ICMA-RC provides recordkeeping services to your Plan and is the investment manager of the underlying Prudential separate account. Prudential or its affiliates may compensate ICMA-RC for providing these and related administrative services in connection with the Fund.Variable annuities are suitable for long-term investing, particularly retirement savings.02018 Prudential,the Prudential logo,and the Rock symbol and Bring Your Challenges are service marks of the Prudential Insurance Company of America, Newark, NJ, and its related entities, registered in many jurisdictions worldwide. Note: Participants who are interested in the VT Retirement IncomeAdvantage Fund must first receive and read the VT Retirement IncomeAdvantage Fund Important Considerations document, before investing. K. The Fund is not a complete solution for all of your retirement savings needs.An investment in the Fund includes the risk of loss, including near,at or after the target date of the Fund.There is no guarantee that the Fund will provide adequate income at and through an investor's retirement. L. Funds that invest in foreign securities are exposed to the risk of loss due to political, economic, legal, regulatory, and operational uncertainties; differing accounting and financial reporting standards; limited availability of information; currency fluctuations; and higher transaction costs. Investments in foreign currencies or securities denominated in foreign currencies(including derivative instruments that provide exposure to foreign currencies) may experience gains or losses solely based on changes in the exchange rate between foreign currencies and the U.S.dollar.The risk of investing in foreign securities may be greater with respect to securities of companies located in emerging market countries.The value of developing or emerging market currencies may fluctuate more than the currencies of companies with more mature markets. M. PURITAN and CONTRAFUND are registered service marks of FMR LLC. Used with permission. N. Certain funds may be subject to style risk,which is the possibility that the investment style of its investment adviser will trail the returns of the overall market. In the past, different types of securities have experienced cycles of outperformance and underperformance in comparison to the market in general. For example,growth stocks have performed best during the later stages of economic expansion and value stocks have performed best during periods of economic recovery. Both styles may go in and out of favor.When the investing style used by a fund is out of favor, that fund is likely to underperform other funds that use investing styles that are in favor. Page 5 of 6 ©Copyright 1996-2019 ICMA Retirement Corporation.All Rights Reserved. 109623 EZLink is an electronic,Intemet-based administrative tool offered by ICMA-RC to assist our clients with their retirement plan administration.To the extent EZLink and other electronic Intemet-based products and services offered by ICMA-RC are accessed and utilized by the dierN or dient's employees and personnel,ICMA-RC bears no responsibility or liability for such use by those individuals accessing non-public personal information and failing to protect such information as required by lair February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 139 of 182 Quarterly Report as of 12/31/2018 O. T. Rowe Price®is a registered trademark of T. Rowe Price Group, Inc.-all rights reserved. P. Funds that invest primarily in mid-capitalization companies involve greater risk than is customarily associated with investments in larger, more established companies. Equity securities of mid-capitalization companies generally trade in lower volume and are generally subject to greater and less predictable price changes than the securities of larger companies. Q. Funds that invest primarily in small-capitalization companies involve greater risk than is customarily associated with investments in larger, more established companies. Equity securities of small-capitalization companies are generally subject to greater price volatility than those of larger companies due to less certain growth prospects,the lower degree of liquidity in the markets for their securities, and the greater sensitivity of smaller companies to changing economic conditions.Also, small-capitalization companies may have more limited product lines,fewer capital resources and less experienced management than larger companies. R. Sector funds tend to be riskier and more volatile than the broad market because they are generally less diversified and more volatile than other mutual funds. EXPENSE Disclosures Il. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits. Page 6 of 6 ©Copyright 1996-2019 ICMA Retirement Corporation. All Rights Reserved. 109623 EZLink is an electronic,Intemet-based administrative tool offered by ICMA-RC to assist our clients with their retirement plan administration.To the extent EZLink and other electronic Intemet-based products and services offered by ICMA-RC are accessed and utilized by the client or client's employees and personnel,ICMA-RC bears no responsibility or liability for such use by those individuals accessing non-public personal information and failing to protect such information as required by law February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 140 of 182 Page 43 of 49 ATTACHMENT 2 Central San Deferred Comp Summary Trend Analysis Total Market Value of Assets: Central San's ICMA 457 and 401(x) Plans as of 12/31/XXXX $140,000,000 $120,000,000 29,599 $100,000,000 00,456,784 106,721,447 $93,853,044 $80,000,000 $60,000,000 $40,000,000 $20,000,000 2015 2016 2017 2018 Ratio of Investments by Type: Central San's ICMA 457 and 401(a) Plans 45.00 40.00 35.00% 30.00 25.00% 20.00% - - 15.00% - 10.00 5.00 0.00% I ��� ■■■ ■�� Gas pec 00 J5 \°pa c,Q a �e eye ��e cai. �'`ao a�ac 0a�a c�ec 0 2015 0 2016 0 2017 0 2018 February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 141 of 182 Page 44 of 49 ATTACHMENT 3 Central San Deferred Compensation Committee Meeting 2/8/2019 Asset Allocation for Defined Contribution Plans Assessment by Central San Staff/ Type: Best Practice Deferred Comp Background: Committee/Chair Defined contribution (DC) plans, including supplemental plans, are an important financial element of public-sector retirement that help participants attain their retirement goals. Plan sponsors have a responsibility to understand structure, costs, and fees of the plan. A large and increasing number of state and local governments provide some form of a defined contribution retirement plan for their employees, in most cases a voluntary deferred compensation arrangement under Section 457 or Section 403(b)of the Internal Revenue Code. These arrangements may be in addition to, or in lieu of, a traditional defined benefit pension plan. Under most defined contribution plan arrangements, the participating employees self-direct investment of the funds credited to their individual accounts from a menu of investment options selected, or offered, by their employers. Recommendation: GFOA recommends that public employers as plan sponsors work actively with the plan administrators to provide investment options and education to help employees who participate in defined contribution plans attain their income replacement goals in retirement. (See the GFOA's Best Practice on Participant Education-Guidance for Defined Contribution Plans.)To accomplish these objectives, the following practices are suggested: 1. To provide adequate diversification, plan administrators should ensure participants are Yes.49 fund choices, offered a broad spectrum of investment choices that include all the major asset classes including index funds, (e.g., equities, fixed income, and cash equivalents). The investment choices should include equity,fixed income, several passively managed investment options such as low-fee index funds. Another option cash equivalent. is a family of asset allocation funds.! In addition to mutual funds, plan administrators should consider lower-cost commingled funds and separate account funds as investment options. Also offers brokerage For more information, see the GFOA Best Practice, Investment Policies for Deferred option for further Compensation Plans and the accompanying Investment Policy Checklist for Assets in a choices. Deferred Compensation Plan. 2. The investments provided should be screened for sales charges, fees, and expenses; the Yes;ICMA to provide age and size of the fund; the fund's past performance; the fund's risks, turnover rate, and detail on selection volatility; and recent changes in the fund's operations, including changes in fund managers. process.Committee When choosing investment options, keep in mind that too many investment options can discussed investment confuse participants and even reduce participation in DC plans. fees with ICMA. 3. The investment structure should be broad enough for proper diversification, and also to accommodate participants' varying levels of risk tolerance. Investment choices should also Yes. Target accommodate the needs of different age groups and retirement goals, taking into account retirement date funds participants' preferences regarding an income stream throughout retirement, lump sum offered. Annuity distributions, and the desire to leave money to heirs. option offered 4. The plan sponsor should make asset allocation tools, including software, literature, or consulting services, available to participants. Access to personal financial planning services Yes. Discussed should be offered as part of the investment program, and any additional fund fees or improving educational expenses required for these products should also be disclosed. See the GFOA's Best outreach. Practice on Monitoring and Disclosure of Fees for Defined Contribution (DC) Plans. 5. Record keepers should provide participants and plan sponsors with quarterly summaries of Yes.Quarterly reports their investment portfolios by asset class and with benchmark comparisons. Where provided. possible, graphs with comparative information should be included. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 142 of 182 Page 45 of 49 6. Participants should be regularly reminded of their potential need to review and update their website and asset allocations as they age or experience various life events. For example, a reminder monthly counseling might be issued to participants as they cross certain age levels or change employment sessions available. status. Committee discussed with ICMA improving educational opportunities. Notes: I Asset allocation funds are mutual funds that provide investors with a pre-mixed portfolio of securities from the three main asset classes. The main types of asset allocation funds are balanced funds, which usually have a mix of stocks and bonds; life cycle or target date funds, which contain a mix of stocks, bonds, and cash, that start out with a more aggressive mix of investments and gradually become more conservative as the investor ages or nears retirement; and life-style funds, which are actively managed in response to market conditions. Key considerations when choosing a provider for these funds are the evolution of the fund's investment strategy over time; the pros and cons of indexing versus active management; the choice between packaged and customized offerings; the impact of these funds on participant portfolios and adoption; and potential biases toward proprietary products. References: • Planning and Establishing Preretirement Education Programs, David Amick, Ann Risdon, and Sheryl Wilson, GFOA, 1994. • A Public Employee's Guide to Retirement Planning, Kathleen Jenks Harm, GFOA, 1995. • Public Employees are Educable Investors, Pension and Benefits Update, July/August 1998. • An Elected Official's Guide to Defined Benefit and Defined Contribution Retirement Plans, Nicholas Greifer, GFOA, 1999. • GFOA Best Practice, Investment Policies Governing Assets in a Deferred Compensation Plan, 2004. • GFOA Checklist, Investment Policy Checklist for Assets in a Deferred Compensation Plan. • Evaluating and implementing target-date portfolios:Four key considerations, Vanguard Investment Counseling & Research, March 2008. • GFOA's Best Practice, Monitoring and Disclosure of Fees for Defined Contribution (DC) Plans. • GFOA Best Practice, Participant Education. Guidance for Defined Contribution Plans, 2009. Approved by GFOA's Executive Board: October 2009 http://www.gfoa.org/asset-allocation-defined-contribution-plans February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 143 of 182 ATTACHMENfage 46 of 49 Central San Deferred Compensation Committee Meeting 2/8/2019 Agenda and Minutes/Notes Committee Members (*)and Central San Guests: Phil Leiber(*), Teji O'Malley, James Olympia(*), Chuck Burnash(*), Amal Lyon, Chris Thomas. External Guests: Erika Armstrong Not Attending: Joshua Whitman. Held from 9am-10:35am 1. Reviewing investment performance of the Plan a. Reports from ICMA (attached) b. Asset Trend over four years (attached) c. Comparison to ICMA other participants (ICMA report as of 9/30/18) Discussion: The annual report as of 12131118 was discussed including the asset mix, categories of holdings, investment choices, and fees associated with each investment. • Asset mix: ICMA representative Erika Armstrong discussed the asset mix comparison as of 9130118, and projected other data. Central San participants had less holdings in balanced/asset allocation fund than peers, and relatively more in the stable value offering. She noted Central San's participant base is older than typical, and in general public sector employees with defined benefit plans tend to be more conservative in their asset allocations for defined contribution plans. Additionally, a large portion of the assets in the accounts are for participants who have separated from Central San service (primarily retirees, who would be more conservative in their asset allocations). Ms. Armstrong noted she will provide a report showing individual fund performance against relevant benchmarks. • Asset trend: a drop as of 1213112018 was noted due to declines in the equity market in December 2018, as well as net outflows of funds due to retirements and other factors. Equity market performance improved in January 2019. Ms. Armstrong noted that the outflows are of some concern to ICMA, and that participants are likely to value the ability to receive additional investment guidance that would be available with managed accounts (where an investment professional provides investment advice/direction for a fee). • Fees: the fee structure of the individual plans, including an allocation of expenses by ICMA was discussed. Central San's investments are in a slightly higher cost category(R7), but expenses above the ICMA administrative expense requirement are rebated to participants annually(about$50K for the 457 plan and about$4K for the 401a plan). Alternatively, a lower cost fund class (R9) is possible, which will assess and show lower fees up front, but which will not involve as sizable of rebate. Ms. Armstrong noted ICMA is open to this change, along with a commitment of duration that Central San would stay with ICMA. Ms. Armstrong also noted that net outflows of fund assets are taking place recently, and believed could be stemmed if a managed account offering was made available to Central San participants. The Committee agreed to: (1) move to the R9 class; (2)stay with ICMA February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 144 of 182 Page 47 of 49 through the end of 2020; (3) allow individual participants to sign-up for a managed account service with ICMA if they so choose. 2. Reviewing emergency withdrawal requests a. Outstanding loan overview b. Emergency withdrawal requests Discussion: Ms. Armstrong noted there had been no emergency withdrawal requests. Outstanding loans are listed on the annual report. No approval for loan requests is required by the Deferred Committee Committee or Central San;such loans are requested by the participant directly with ICMA. It was noted that four loans are problematic- three have defaulted(are not being repaid as required; in such cases ICMA reports the withdrawal as a distribution), and one loan is delinquent (not yet in default). 3. Educating participants regarding the Plan a. Summary of existing educational activities by ICMA b. Report of proposed enhancements/additional education opportunities by ICMA • Guided Pathways program • Hosting more brown bag/educational seminars about asset allocation and investing for the long term. • Establishing a comprehensive education plan that incorporates seminars,targeted marketing and getting the most out of the onsite visits. Discussion: Existing: Kim Hammond comes monthly for sessions with staff at HOB, and twice annually to CSO. A formal education plan is not in place presently. Participants can access numerous materials and tools on the ICMA website. Quarterly statements are provided to participants. Ms. Armstrong also noted targeted mailings depending on participant ages/career phase should be being sent (and will check to ensure this is happening). Mr. Burnash noted he did not recall seeing this. She mentioned that ICMA has a certified financial planner that is available for consultation (though it was unclear whether this service for members was included in Central San's current agreement or if there was an extra cost to use this service). • Enhancements: Ms. Armstrong noted several ideas for improved participant education including: (1) better informing new employees about the plan; (2) use of the Guided Pathways tool where participants specify retirement objectives, existing assets and saving, and the tool provides likelihood of achieving the goal and ideas to improve success and follow-up with ICMA advisors; (3) HR providing opportunities for broad participation sessions to focus on defined contribution options (HR at your service session to host ICMA) along with more detailed follow-up topics (DC vs. DB plans, stocks vs bond, and other topics that Ms. Armstrong showed as available in a catalog); (4) training provided to the Committee on fiduciary responsibilities. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 145 of 182 Page 48 of 49 • Ms. Armstrong distributed a folder with various education material, including an overview of outreach currently achieved in 2018, and a roadmap for improved education in 2019. The Committee expressed interest in improving participant education along the lines proposed. 4. Submission of an annual report to the Board of Directors and Plan participants a. Investment report b. Agenda of Deferred Comp Committee c. GFOA Deferred Comp Checklist/Assessment of Current Program against those best practices (attached) Discussion: Mr. Leiber noted that the Central San Board of Directors would be provided with an annual deferred compensation report as in past years, along with two additional documents—the agenda for this committee meeting, and the GFOA checklist of good practices on defined compensation plans. That checklist was discussed and it was noted that Central San's/ICMA deferred compensation program appears to generally comply with the six recommended practices. Discussion was held on various elements and potentials for improvements, including education. Ms. Armstrong will provide information on how ICMA screens and monitors funds for performance. 5. Continued membership on Committee or procedures for selection of new members a. Discussion and possible action Discussion: • James Olympia and Chuck Burnash expressed interest in continuing to serve on the Committee. Teji O'Malley expressed interest in being on the Committee to ensure coordination from an HR standpoint(other benefit programs, education sessions, etc.). • Ms. O'Malley will also follow-up with Local 1 and MS-CG to obtain their views as to potential additional member representation/slots on the Committee. 6. Establishing internal administrative procedures/Scope of Committee a. Inclusion of HRA in Deferred Compensation Committee purview b. No other internal procedure changes proposed, unless Committee raises an issue. Discussion: • The meeting frequency of the Committee was discussed, and quarterly meetings were agreed to prospectively for the foreseeable future. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 146 of 182 Page 49 of 49 • Oversight of loans is to be added to the Committee's oversight responsibility; the ability for participants to take out loans was not in place when the Committee was formed; this is new in recent years. • The Committee was notified of the intent for the Health Reimbursement Account new benefit for Local 1/MS-CG Tier 111 employees to be included in the ongoing purview of the Deferred Comp committee, once established by July 2019. February 25, 2019 Special FINANCE Committee Meeting Agenda Packet- Page 147 of 182