HomeMy WebLinkAbout20253624 Minutes Weld County 401 (k) Savings and 457
Deferred Compensation Plan
August 7, 2025 Investment Committee Meeting
Meeting Attendees
Weld County Alera Group Principal
Cheryl Pattelli Brad Shaps Drew Albers
Rusty Williams Bob Janson
Brigitte Grimm Rebecca Szewczyk
Jill Scott
Allison Palmer
Daniel Lacomis
Approval of Meeting Minutes
The Committee approved the minutes from the previous meeting.
Investment Review
Alera Investment Advisors prepared a Monitor Report for the quarter ending 6/30/25.
As of 6/30/25 the 401(k) Plan and 457 Plan had assets of $20,805,634 and
$12,861,637, respectively. There are three funds on the Watch List.
Bob gave a brief market update and reviewed the criteria used to monitor the
investments.
The American Century Ultra fund is on the watch list for two quarters. It has failed the
1-year return, 3-year return and Sharpe Ratio criteria for two quarters, while also
failing the 5-year return criterion for one quarter. Alera is not recommending a
change at this time.
The Dodge & Cox International Stock fund is on the watch list for two quarters due to
performance factors. It has failed the the 3-year return criterion for two quarters, the
5-year return criterion for six quarters and the Sharpe Ratio criterion for two quarters.
Given this fund is improving on the 1-year Alera is not recommending a change at
this time.
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The Principal Core Plus Bond fund is on the watch list for two quarters due to
performance factors. It has failed the 1-year return criterion for three quarters, the 3-
year return criterion for three quarters, the 5-year return criterion for two quarters.
Alera is not recommending a change at this time.
Bob reviewed the remaining funds in the report.
Plan Design Discussion
Brad asked the Committee if there is anything from a plan design perspective that
they would like to discuss changing. The Committee would like a summary of the
SECURE 2.0 Act.
Brad noted the requirement that catch-up contribution for high wage earners be
made on a Roth basis beginning 1/01/26. He also noted the super catch-up provision
for those ages 60 - 63.
Drew will follow up with SECURE 2.0 Act information.
Principal Plan Review
Drew reviewed a plan report that was prepared by Principal. Information reviewed
included:
• 30.4% participation rate
• 4.1% average contribution rate
• Plan progress over time
• 93% diversification rate
• 10.7% of participants are contributing 10% or more
• Average account balance of $27,925
• Participant engagement statistics
• Deferral rate breakdown
• Trends from the Principal financial well-being index
Employee Education
Brad asked the Committee if there is a need to education at this time. The Committee
would like to schedule an investment and market update webinar. Allison will send
potential dates. They would also like education on HSAs.
Allison asked for information on how many employees visit the landing page. Alera
will research and follow up.
Next Meeting
The next meeting is scheduled for November 6th at 2pm MT.
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