6/25/26 457(b) Governance Committee

The St. Mary's County Government held a 457(b) Governance Committee meeting on June 25, 2026, focusing primarily on the review and approval of the first quarter 2026 plan summary and performance reports for the county's 457(b) retirement plan. Key procurement-related discussions included the approval of a $4,500 payment to Marquette Associates for investment counseling services covering the first quarter of 2026. The committee reviewed detailed investment performance data, including asset allocations, fund performance, and manager watch lists, with particular attention to underperforming funds and potential future recommendations for manager changes. Motions to approve the meeting agenda, previous meeting minutes, the plan summary, the performance report, and the administrator's report were all passed unanimously. The next committee meeting was scheduled for September 24, 2026.