Deferred Compensation Committee

Hybrid Meeting Sparacino Conference Room/Virtual 1500 Warburton Avenue Santa Clara, CA 95050

Agenda — 16 items

1. 1 The City of Santa Clara is conducting the Deferred Compensation Committee meeting in a hybrid manner (in-person and a method for the public to participate remotely). • Via Zoom: https://santaclaraca.zoom.us/j/88905180697?pwd=yXJd8deUvSM4YThOKdtreBAGJy013b.1 Webinar ID: 889 0518 0697 Passcode: 638549 OR • Phone: 1(669) 444-9171
2. 2 CALL TO ORDER AND ROLL CALL
3. 3 CONSENT CALENDAR
4. 1A Action to Approve the Deferred Compensation Committee Meeting Minutes of November 13, 2025 26-860
5. 5 PUBLIC PRESENTATIONS
6. 6 GENERAL BUSINESS
7. 2A Informational Report on First Quarter 2026 and Second Quarter 2026 Quarterly Plan Performance with Brief Overview of Previous Quarters Presented by Nationwide 26-861
8. 2B Informational Report on Second Quarter 2026 Quarterly Plan Review with Brief Overview of Previous Quarters Presented by Fiduciary Consulting Group; Action on Recommendation from Fiduciary Consulting Group regarding the Watch Status of T. Rowe Price Large Cap Growth Fund 26-863
9. 2C Informational Report Regarding Target Date Fund Fee Savings Presented by Fiduciary Consulting Group with a Discussion and Possible Action to Move to a Lower Cost Share Class of the Vanguard Target Date Funds 26-865
10. 2D Action to Review and Recommend Adoption of the Investment Policy Statement (IPS) for the City’s 457 Deferred Compensation Plan Presented by Fiduciary Consulting Group 26-866
11. 2E Discussion and Possible Action to Review and Adopt the Deferred Compensation Committee By-Laws 26-872
12. 2F Discussion and Possible Action to Clarify Committee’s Expanded Role and Duties 26-879
13. 13 STAFF REPORT
14. 14 COMMITTEE REPORT
15. 15 ADJOURNMENT
16. 16 MEETING DISCLOSURES The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies. If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker." In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities. Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials. Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.