8/27/27 Sheriff's Office Retirement Planning Board

The St. Mary's County Sheriff's Office Retirement Plan Board held a meeting on August 27, 2026, focusing primarily on the review and approval of the Q2 performance report for the retirement plan. Marquette Associates presented detailed economic and market analyses, highlighting strong equity returns driven by technology investments, particularly in AI infrastructure, and discussed the implications for the plan's asset allocation. The board approved a rebalancing recommendation to reduce holdings in two active large-cap funds and increase investment in a passive index fund to better navigate market volatility and reduce costs. Additionally, the board approved the plan administrator's report, including payment of professional service invoices totaling $46,529.41, and authorized a correction to reimburse the county $5,077.55 for contribution errors. These actions reflect ongoing management and strategic adjustments to optimize the retirement fund's performance and compliance.