The URL can be used to link to this page

Home My WebLink AboutPricing Request - Fillable - Addendum 2Proposal Due Date Target Conversion Date Record-Keeper #1 - 457(b) 2024 2025 YTD 3/31/2026 Assets $31,876,810 $35,495,066 $34,257,941 Variable $26,679,785 $30,145,102 $29,148,154 Fixed $5,197,024 $5,349,963 $5,109,787 Stable Value/Fixed Notes: Contributions $836,213 $1,163,929 $250,522 Withdrawals $2,898,800 $1,960,424 $718,871 Net Cash Flow -$2,062,587 -$796,495 -$468,349 Participants - Contributing 114 Participants - w/ Bal (non-Contribute)171 Participants - Total 285 Loans #7 Loans $$136,323 Loans Repayments Payroll Deduct Managed Accounts # of Parts 41 Managed Accounts $$6,119,893 SDBO N/A Roth 457 Available & Assets in Plan Yes Record-Keeper #2 - 457(b) 2024 2025 YTD 3/31/2026 Assets $10,426,241 $11,990,660 $11,769,421 Variable $9,648,015 $11,194,750 $10,968,117 Fixed $778,226 $795,910 $801,304 Stable Value/Fixed Notes: Contributions $702,116 $843,514 $191,436 Withdrawals $1,642,413 $838,614 $48,550 Net Cash Flow -$940,297 $4,900 $142,886 Participants - Contributing 89 Participants - w/ Bal (non-Contribute)45 Participants - Total 134 Loans #8 Loans $$134,829 Loans Repayments ACH Managed Accounts # of Parts 30 Managed Accounts $$2,478,003 SDBO N/A Roth 457 Available & Assets in Plan Yes Record-Keeper #3 - 457(b) 2024 2025 YTD 3/31/2026 Assets $5,071,025 $5,485,220 $4,377,447 Variable $3,295,317 $3,572,420 $2,932,508 Fixed $1,775,708 $1,912,800 $1,444,939 Stable Value/Fixed Notes: Contributions $131,137 $176,874 $42,691 Withdrawals $176,577 $324,402 $981,635 Net Cash Flow -$45,440 -$147,528 -$938,944 Participants - Contributing 15 Participants - w/ Bal (non-Contribute)25 PROPOSAL FORM: PRICING REQUEST Fixed Account subject to 5-year spread pay or MVA at termination - MVA -8.18% as of 3/31/2026 Entire Account including Fixed Account subject to CDSC - reported as $0 as of 3/31/2026. Fixed Account subject to 6 payments over 5 years at termination - no MVA option. There are currently 15 participants contributing San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Stable Value subject to 12-month Put - effective 4/13/2026 Plan Statistics and Information Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Participants - Total 40 Loans #0 Loans $$0 Loans Repayments N/A Managed Accounts # of Parts 4 Managed Accounts $$301,277 SDBO N/A Roth 457 Available & Assets in Plan No Total Record-Keepers - 457(b) 2024 2025 YTD 3/31/2026 Assets $47,374,075 $52,970,945 $50,404,809 Variable $39,623,117 $44,912,273 $43,048,779 Fixed $7,750,958 $8,058,673 $7,356,030 Stable Value/Fixed Notes: Contributions $1,669,466 $2,184,317 $484,649 Withdrawals $4,717,790 $3,123,440 $1,749,056 Net Cash Flow -$3,048,324 -$939,123 -$1,264,407 Participants - Contributing 218 Participants - w/ Bal (non-Contribute)241 Participants - Total 459 Loans #15 Loans $$271,152 Loans Repayments ACH/Payroll Deduct Managed Accounts # of Parts 75 Managed Accounts $$8,899,173 SDBO N/A Roth 457 Available & Assets in Plan Yes Record-Keeper #1 - 401(a) 2024 2025 YTD 3/31/2026 Assets $249,179 $351,559 $252,177 Variable $230,346 $319,247 $200,608 Fixed $18,833 $32,312 $51,569 Stable Value/Fixed Notes: Contributions $24,779 $24,184 $5,670 Withdrawals $0 $0 $104,925 Net Cash Flow $24,779 $24,184 -$99,255 Participants - Contributing 2 Participants - w/ Bal (non-Contribute)0 Participants - Total 2 Loans #N/A Loans $N/A Loans Repayments N/A Managed Accounts # of Parts 1 Managed Accounts $$236,858 SDBO N/A Record-Keeper #4 - 401(a) Fiscal 23-24 Fiscal 24-25 Fiscal 25-26 YTD Assets $2,457,348 $2,721,778 $2,968,705 Variable $2,457,348 $2,721,778 $2,968,705 Fixed $0 $0 $0 Stable Value/Fixed Notes: Contributions $124,527 $102,093 $82,606 Withdrawals $963,247 $127,685 $14,925 Net Cash Flow -$838,720 -$25,591 $67,681 Participants - Contributing 28 Participants - w/ Bal (non-Contribute)70 see notes above Stable Value subject to 12-month Put - effective 4/13/2026 Money Market Fund is utilized for this plan Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Participants - Total 98 Loans #0 Loans $$0 Loans Repayments ACH/Payroll Deduct Managed Accounts # of Parts 0 Managed Accounts $$0 SDBO N/A Total Record-Keepers - 401(a) 2024 2025 YTD 3/31/2026 Assets $2,706,527 $3,073,338 $3,220,882 Variable $2,687,694 $3,041,026 $3,169,313 Fixed $18,833 $32,312 $51,569 Stable Value/Fixed Notes: Contributions $149,307 $126,278 $88,276 Withdrawals $963,247 $127,685 $119,850 Net Cash Flow -$813,940 -$1,407 -$31,574 Participants - Contributing 30 Participants - w/ Bal (non-Contribute)70 Participants - Total 100 Loans #N/A Loans $N/A Loans Repayments N/A Managed Accounts # of Parts 1 Managed Accounts $$236,858 SDBO N/A Record-Keeper #1 - RHS/HRA Plan 2024 2025 YTD 3/31/2026 Assets $1,712,651 $1,873,020 $1,831,928 Variable $1,667,841 $1,831,132 $1,796,977 Fixed $44,810 $41,888 $34,951 Stable Value/Fixed Notes: Contributions - none $0 $0 $0 Withdrawals - none $0 $0 $0 Net Cash Flow $0 $0 $0 Participants - Non-Claims Active 77 Participants - Claims Active 135 Participants - Total 212 Stable Value subject to 12-month Put - effective 4/13/2026 see notes above Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Record-Keep #2-457(b) PT-OBRA Plan 2024 2025 YTD 3/31/2026 Assets ALL FIXED $1,380,084 $1,519,891 $1,549,982 Variable $0 $0 $0 Fixed $1,380,084 $1,519,891 $1,549,982 Stable Value/Fixed Notes: Contributions $134,282 $164,383 $36,858 Withdrawals $38,783 $60,027 $12,967 Net Cash Flow $95,499 $104,356 $23,891 Participants - Contributing 242 Participants - w/ Bal (non-Contribute)2229 Participants - Total 2471 Platform request Quote Format Request Advisor Fee Assumption Investment Menu Request Contract Term Important Notes to be Reviewed Before Completing Pricing Proposals Fixed Account Subject to 5-year spread pay or MVA at termination - MVA -4.01% as of 3/31/2026 Please provide pricing in a complete proposal with services included in price clearly identified, as well as disclosure of any and all other services/transactions with additional ER or EE fees clearly identified. Quote without advisor fee. Please do not provide any suggested line-ups other than the options requested below for the stable value/fixed. If a fund in the menu generates institutional revenue to your company there should be no change in the plan asset charge if the client makes a fund change in the future. It is required that there is no determined contract/agreement period with the record keeper. All contracts/agreements must be open-ended with the ability of the City to terminate the contract/agreement. 1. The pricing/fee and credited rates (products) are to be the same for both the 457(b) and 401(a) Plans. 2. It is strongly encouraged to provide a solution for the HRA/RHS and 457 PT-OBRA plans. If you are providing a proposal, the product, fees and credited rates can be different from what is provided for the 457(b) & 401(a) Plans. Please include an affirmative statement as to whether you are providing a proposal for the HRA/RHS and PT-OBRA plans as part of your response. 3. For all Asset charges WITH your managed account solution, assume voluntary participant usage only. There can be no default or QDIA for managed accounts. 4. Current Credited Rates provided must be net of management fees and any record keeping revenue retained by you, and gross of your Asset Charge. 5. A Fixed Product Data sheet is included with this RFP to be provided for any stable value/fixed product proposed. If it is not provided or not complete in our opinion, your proposal may not be considered. 6. Note that Target Date conversions are not an acceptable proposal. Pricing Request Bundled only - Open Architecture Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Explicit Fee on all Assets Record Keeping Revenue Generated Current Net Crediting Rate Guarantee Period for Rate Name of stable Value/Fixed Name of stable Value/Fixed Name of stable Value/Fixed Description of MVA Buy-Out product and any other notes you wish to provide Explicit Fee on all Assets Record Keeping Revenue Generated Current Net Crediting Rate Guarantee Period for Rate Name of stable Value/Fixed Name of stable Value/Fixed Name of stable Value/Fixed Please provide the Explicit Fee on all assets required for an open architecture platform assuming the use of your proprietary stable value or fixed/general account (if applicable). You may provide as many proprietary solutions as you choose. Note: - Record-Keeper #1 for both the 457(b), 401(a) and RHS plans requires a 12-month put on the stable value assets that was initiated 4/13/2026. - It is required as part of your proposal that the MVA for 457(b) Record-Keeper #2 be bought out as part of your proposal. Provide a complete and detailed description of each proposal including how the product is structured (type of investment product) and any required contract period and/or "recovery period "schedule, etc. below. - Note that the Fixed Account for 457(b) Record Keeper #3 will be paid out in 6 installments over 5 years. 457(b) & 401(a) Pricing Request #1: Proprietary Stable Value/Fixed PLEASE DESCRIBE SOLUTION PROVIDED 457(b) & 401(a) Pricing Request #2: Non-proprietary Stable Value/Fixed PLEASE DESCRIBE SOLUTION PROVIDED Please provide the Explicit Fee on all assets required for an open architecture platform assuming the use of non- proprietary stable value or fixed/general account (if applicable). You may provide as many non-proprietary solutions as you choose. Note: - Record-Keeper #1 for both the 457(b), 401(a) and RHS plans requires a 12-month put on the stable value assets that was initiated 4/13/2026. - It is required as part of your proposal that the MVA for 457(b) Record-Keeper #2 be bought out as part of your proposal. Provide a complete and detailed description of each proposal including how the product is structured (type of investment product) and any required contract period and/or "recovery period "schedule, etc. below. - Note that the Fixed Account for 457(b) Record Keeper #3 will be paid out in 6 installments over 5 years. Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Description of MVA Buy-Out product and any other notes you wish to provide Explicit Fee on all Assets Record Keeping Revenue Generated Current Net Crediting Rate Guarantee Period for Rate Name of stable Value/Fixed Name of stable Value/Fixed Name of stable Value/Fixed Description of product and any other notes you wish to provide Explicit Fee on all Assets Record Keeping Revenue Generated Current Net Crediting Rate Guarantee Period for Rate Name of stable Value/Fixed Name of stable Value/Fixed Name of stable Value/Fixed It is strongly encouraged to provide a solution for the HRA/RHS plan. If you are providing a proposal, the product, fees and credited rates can be different from what is provided for the 457(b) & 401(a) Plans. Please include an affirmative statement as to whether you are providing a proposal for the HRA/RHS Plan as part of your response. Please provide the Explicit Fee on all assets required for an open architecture platform assuming the use of your proprietary stable value or fixed/general account (if applicable) and any non-proprietary option you wish to provide. You may provide as many solutions as you choose. Note: - Record-Keeper #1 requires a 12-month put on the stable value assets that was initiated 4/13/2026. HRA/RHS Plan Proposal #3HRA: Please provide description, of proposal 457 OBRA/Part-Time Plan Proposal #4PTS: Please provide description, of proposal It is strongly encouraged to provide a solution for the 457 OBRA-PST plan. If you are providing a proposal, the product, fees and credited rates can be different from what is provided for the 457(b) & 401(a) Plans. Please include an affirmative statement as to whether you are providing a proposal for the 457 OBRA-PST Plan as part of your response. Please provide the Explicit Fee on all assets required for an open architecture platform assuming the use of your proprietary stable value or fixed/general account (if applicable) and any non-proprietary option you wish to provide. You may provide as many solutions as you choose. Note: - It is required as part of your proposal that the MVA for 457(b) Record-Keeper #2 be bought out as part of your proposal. Provide a complete and detailed description of each proposal including how the product is structured (type of investment product) and any required contract period and/or "recovery period "schedule, etc. below. Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Description of product and any other notes you wish to provide Stable Value / Fixed Account Guaranteed Interest Please provide the following for each proprietary stable value/fixed option proposed: 1. Current proposed gross interest rate 2. Fund management fees 3. Revenue sharing 4. Net credited rate after ALL fees and revenue sharing 5. Guaranteed Minimum Interest Rates 6. Full disclosure of ALL participant and plan sponsor transfer and termination provisions clearly identified, including the specific definition of a "competing fund" if applicable. ATTACHED IS A SPREADSHEET "FIXED PRODUCT DATA" - PLEASE COMPLETE FOR ALL PRODUCTS PROPOSED. Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Please note for the following to use $0 Fee if the service is included in the Asset Charge proposed Transactional Fees Fee Sep from Svc Withdrawals $0 Hardship/Unforeseeable Emergency Withdrawals $0 In-Service Withdrawals $0 Periodic Distributions: Set up $0 Annual $0 RMD Distributions $0 Are RMDs automatically generated? Yes/No Are sponsors notified when dist? Yes/No Loans: Initiation $0 Annual $0 QDRO Determination $0 Plan Termination Fees $0 Termination Test File Charge $0 Other Fees Expedited Checks $0 ACH/Wire $0 Stop Pay / Reissue and Special Handling $0 Plan Document Fees Initial Restatement 0 Plan Doc Regulatory Amendment $0 Plan Doc Non-Regulatory Amendment $0 Education and Enrollment at Conversion $0 Additional Education Days/Ongoing $0 Call Center Days and Hours Call Center Multi-Lingual Capabilities Participant Advisory Services Managed Accounts/Personal Advice Fee Schedule 0.00% 0.00% 0.00% 0.00% On-Line Advise $0 participant experience in detail 800# Advise $0 participant experience in detail In Person Individual Advise $0 One-Time Financial Planning $0 Comprehensive Financial Planning $0 Technical Capabilities Is the participant website mobile device capable?Yes/No Do you provide a mobile app to parts? Yes/No Participant Educ. at Conversion and Ongoing Web? On-Site? Explanation / Description / Details of Service Provided if Needed Proposal Due Date Target Conversion Date San Luis Obispo - Coordinated with Shuster Advisory Group, LLC 06/12/2026 or earlier 11/1/2026 Can ALL functions available on the website be completed on the app? If not, provide what is available. Yes/No Is your participant website available in langauges other than English?Yes/No Is your mobile app available in languages other than English?Yes/No Sep from Svc Withdrawals $0 Hardship Withdrawal Determ/Approval $0 In-Service Withdrawals $0 Loan Detemination/Approval $0 QDRO Qualifying Services $0 Delivery of enrollment materials $0 Plan Sponsor Services - Please detail mailing fees if applicable