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Despite the challenges, market volatility, and limiting conditions presented in 2021, the City of Seattle Trust Committee was resolute to improve their 457 Deferred Compensation plan by establishing key initiatives, thoroughly evaluating options, and implementing changes to improve the participants standing. As a result of the Committee’s actions, participants will save approximately $1.14mm in gross costs annually across the plan. Participants will also benefit from a more streamlined and customized investment line-up. Additionally, the City continued to ensure strong governance is a cornerstone of the Committee by preparing and equipping new Committee members with fiduciary training sessions.
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- 75.07 KB File Size
- August 1, 2022 Create Date
- August 31, 2023 Last Updated
