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CalSavers Retirement Savings Board

2024 Board Meetings

Tentative Meeting Schedule Executed Resolutions

November 19, 2024

• Agenda
• Item 1 – Minutes of the August 21, 2024, CalSavers Retirement Savings Board
• Item 2 – Executive Director’s Report
• Attachment 2A: Summary of Program Participation & Funding as of October 31, 2024
• Attachment 2B: Employer Enforcement Activity as of October 31, 2024
• Attachment 2C: Quarterly Risk Heat Map
• Attachment 2D: CalSavers Retirement Savings Board Fund Manager’s Report as of August 31, 2024
• Item 3 – Program Administrator’s Report
• Attachment 3A: Ascensus Presentation
• Item 4 – Third Quarter Investment Performance Report
• Attachment 4A: Investment Performance Report for the Quarter Ending September 30, 2024
• Attachment 4B: Target Date Fund Universe
• Item 5 – Resolution No. 2024-03, Approval of Regulations Amendments to Sections 10000-10006, 10008, and 10010 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
• Attachment 5A: Text of Regulations Amendments
• Attachment 5B: Resolution 2024-03: Approval of Regulations Amendments to Sections 10000-10006, 10008, and 10010 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking Activities
• Item 6 – Resolution 2024-04: Approval to extend Agreement No. CSCRSIB07-17A with Program Administrator Ascensus College Recordkeeping Services, LLC
• Attachment 6A: Resolution 2024-04: Extension of Agreement No. CSCRSIB07-17A with Ascensus College Recordkeeping Services, LLC for Program Administrative Services
• Item 7 – Approval to Increase the Maximum Dollar Amount Authorized for the Executive Director and Board Chair to Enter into Interagency Agreements and External Contracts
• Attachment 7A: Resolution 2024-05: Approval to Increase the Maximum Dollar Amount Authorized for the Executive Director and Board Chair to Enter into Interagency Agreements and External Contracts
• Item 8 – Fiduciary Responsibility Training
• Attachment 8A: Fiduciary Training Presentation
• Board Members attending November 19th, 2024 meeting remotely:
  • Heather Hooper
  • Nam Le
  • David Low
• All other Board Members in attendance will attend in person at the public meeting location.

August 21, 2024

• Agenda
• Item 1 – Minutes for May 29, 2024, CalSavers Retirement Savings Board
• Item 2 – Executive Director’s Report
• Attachment 2A: Summary of Program Participation & Funding as of July 31, 2024
• Attachment 2B: Employer Enforcement Activity as of July 31, 2024
• Attachment 2C: Quarterly Risk Heat Map
• Attachment 2D: CalSavers Organization Chart
• Attachment 2E: CalSavers Retirement Savings Board Fund Manager’s Report as of June 30, 2024
• Item 3 – Wave 4 Marketing & Outreach
• Item 4 – Program Administrator’s Report
  • Attachment 4A: Ascensus Presentation
• Item 5 – Second Quarter Investment Performance Report
  • Item 5A: Investment Performance Report for Period Ending June 30, 2024
• Item 6 – Administrative Fund Audit Report for Fiscal Year 2022-23
  • Attachment 6A: Administrative Fund Audit Report for FY 2022-23
• Item 7 – Annual Review of the Investment Policy Statement
  • Attachment 7A: Investment Policy Statement, last amended May 24, 2022
• Item 8 – Resolution 2024-02: Approval of Draft Strategic Plan 2024-29
  • Attachment 8A: Proposed CalSavers Retirement Savings Board Strategic Plan 2024-2029
  • Attachment 8B: Resolution 2024-02: Approval of Strategic Plan 2024-2029
• Item 9 – Fiduciary Responsibility Training
  • Attachment 9A: Fiduciary Training Presentation
• Item 10 – Update on the State-Facilitated Retirement Program Landscape
  • Attachment 10A: State-Facilitated Retirement Program Landscape Presentation
• Board Members attending August 21st, 2024 meeting remotely:
• Michelle Gastelum
• David Low
• William Sokol
• Other Board Members in attendance will attend in person at the public meeting location

May 29, 2024

• Agenda
• Item 1 – Minutes for February 13, 2024, CalSavers Retirement Savings Board
• Item 2 – Executive Director’s Report
  • Attachment 2A: Summary of Program Participation & Funding as of April 30, 2024
  • Attachment 2B: Employer Enforcement Activity as of May 15, 2024
  • Attachment 2C: Quarterly Risk Heat Map
  • Attachment 2D: CalSavers Organization Chart
  • Attachment 2E: CalSavers Retirement Savings Board Fund Manager’s Report as of February 29, 2024
• Item 3 – Program Administrator’s Report
  • Attachment 3A: Ascensus Presentation
• Item 4 – First Quarter Investment Performance Report
  • Attachment 4A: Investment Performance Report for the Quarter Ending March 31, 2024
• Item 5 – Program Fund Audit Report for Fiscal Year 2022-23
  • Attachment 5A: Program Fund Audit Report for FY 2022-23
• Item 6 – Resolution 2024-02: Approval of Draft Strategic Plan 2024-29
  • Attachment 6A: Proposed CalSavers Retirement Savings Board Strategic Plan 2024-2029
  • Attachment 6B: Resolution 2024-02: Approval of Strategic Plan 2024-2029
  • Attachment 6C: Strategic Plan Presentation
• Board Members attending May 29th, 2024 meeting remotely:
  • Nam Le
  • David Low
• All other Board Members in attendance will attend in person at the public meeting location

February 13, 2024

• Agenda
• Item 1 – Minutes for November 13, 2023, CalSavers Retirement Savings Board
• Item 2 – Executive Director’s Report
  • Attachment 2A: Executive Director’s Year in Review
  • Attachment 2B: Summary of Program Participation & Funding as of January 31, 2024
  • Attachment 2C: Employer Enforcement Activity as of January 31, 2024
  • Attachment 2D: Quarterly Risk Heat Map
  • Attachment 2E: CalSavers Organization Chart
  • Attachment 2F: CalSavers Retirement Savings Board Fund Manager’s Report as of October 31, 2023
• Item 3 – Bagley Keene Update
  • Attachment 3A: Executive Director Memo
• Item 4 – Program Administrator’s Report
  • Attachment 4A: Ascensus Presentation
• Item 5 – Fourth Quarter Investment Performance Report
  • Attachment 5A: Investment Performance Report for the Quarter Ending December 31, 2023
• Item 6 – Presentation on Program’s Funds
  • Attachment 6A: State Street Global Advisor Presentation
• Item 7 – Resolution No. 2024-01: Approval of Amendment for Enforcement Services, Franchise Tax Board
• Attachment 7A: Proposed Interagency Agreement Amendment with Franchise Tax Board
• Attachment 7B: Resolution 2021-03
• Attachment 7C: Resolution 2024-04
• Board Members attending February 13th, 2024 meeting remotely:
  • Michelle Gastelum
  • Nam Le
  • David Low
  • Stephen Prough
• All other Board Members will attend in person at the public meeting location