HomeMy WebLinkAboutMinutes - 2017.08.14 - 32965OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMMITTEE MINUTES
A meeting of the Oakland County Employees' Retirement and Deferred Compensation Board
Investment Sub-Committee was held August 14, 2017 at 1:30 p.m. in the 4th Floor Conference
Room, Executive Office Building (EOB).
Members Present: James H. VanLeuven, Jr. Joseph Rozell
Andy Meisner Laurie Van Pelt
Others Present: Silvia Frank, Human Resources
Rhonda Van Tiflin, Human Resources
Thomas Middleton, Commissioner-Retirement & Deferred Compensation Board
Curtis Childs, Commissioner-Retirement & Deferred Compensation Board
Lauri Siskind, Commissioner-Retirement & Deferred Compensation Board
Jennifer Hain, Human Resources
Paige Ritchie, Human Resources
Lisa Villella, Human Resources
Jason May, Graystone Consulting
Freddie Sarno, Graystone Consulting
John Krakowiak, Graystone Consulting
1. Meeting was open for public comment. No one spoke.
2. Jason May, Freddie Sarno and John Krakowiak of Graystone Consulting made a presentation
to the Committee. Discussion ensued regarding the responses received from the following
vendors to the request for proposal for recordkeeper of the 401a Defined Contribution, 457b
Deferred Compensation with Match, Part-Time Non-Eligible 457, Retiree Health Savings plans
and IRA offerings.
• Empower • Nationwide
• Fidelity • Prudential
• ICMA-RC • TIAA
• Lincoln • TransAmerica
• MassMutual • Voya
3. Motion by Meisner, seconded by Rozell, to recommend the following four vendors be
scheduled for an initial round interview on September 11, 2017. Motion carried.
• 9:00 a.m. Investment Subcommittee convenes - EOB 4th Floor Conference Room
• 9:30 a.m. Prudential
• 10:45 a.m. TIAA
• 1:30 p.m. Empower
• 2:45 p.m. ICMA-RC
4. The meeting was adjourned without objection at 3:05 p.m.
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary