Deferred Compensation Committee

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

Agenda — 18 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/82559898847?pwd=j2CJeJKG2nfGpI2qJDqWR9NOm6Ue6Z.1 Webinar ID: 825 5989 8847 Passcode: 342347 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 May 8, 2025 25-885 Approved Staff Recommendation Pass
5. 5 PUBLIC PRESENTATIONS
6. 6 GENERAL BUSINESS
7. 2A Informational Report on Second Quarter 2025 Quarterly Plan Performance Presented by Nationwide 25-881
8. 2B Informational Report on Second Quarter 2025 Quarterly Plan Review presented by the Fiduciary Consulting Group 25-882
9. 2C Informational Report Regarding the Self-Directed Brokerage Account (SDBA) International Value Manager Search Presented by the Fiduciary Consulting Group 25-883
10. 2D Informational Report Regarding the Review of Foreign Securities in the Self-Directed Brokerage Account (SDBA) Presented by the Fiduciary Consulting Group 25-884 Continued
11. 2E Discussion Regarding Expansion and Clarification of Committee Role Based on Committee’s Recommendation that the City Adopt a 401(a) plan 25-901 Continued Pass
12. 2F 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. 25-902 Approved Staff Recommendation Pass
13. 2G Action to Recommend that the City of Santa Clara contract with Fiduciary Consulting Group and all third party contractors who provide services regarding 457(b) and 401(a) plans. 25-903 Approved Staff Recommendation Pass
14. 14 STAFF REPORT
15. 15 COMMITTEE REPORT
16. 16 ADJOURNMENT Adjourned Pass
17. 17 MEETING DISCLOSURES
18. 18 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.