In July 2024, County staff identified the Sheriff’s Department as having the largest concentration of employees fully invested in the Stability of Principal investment option. Under the direction of the County’s Deferred Compensation Committee and staff, Voya conducted a targeted mailing to 257 affected accountholders within the Department. Following this outreach, the number of employees solely invested in the Stability of Principal option decreased to 196, resulting in 61 employees diversifying their portfolios—reflecting a 24% improvement in investment diversification within the Department.
Encouraged by these initial results, the County chose to expand the diversification initiative to include all active and inactive participants in both the 457 and 401(a) Plans.
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- August 10, 2025 Create Date
- January 15, 2026 Last Updated
