Deferred Compensation

Plan announcements

Effective September 11, 2026, the following changes will be made to the investment lineup for the 457(b), 401(a), and PEHP plans: MFS Value R6 will be replaced by the Putnam Large Cap Value R6, American Century Mid Cap Value R6 will be replaced by T.Rowe Price Mic Cap Value I, MFS International Diversification R6 by MFS Blended Research Intl Eq R6. All assets in the funds being replaced will be mapped to their corresponding replacement fund. Review the Nationwide participant communication sample regarding this change. If you would prefer your assets in the funds be directed to a different fund, you must complete your transactions before 1:00 p.m. Pacific Time on September 10, 2026. Plan participants impacted by this change should receive a notice directly from Nationwide to their email address on file in their Nationwide account.

Effective January 1, 2026, new federal requirements for age-based catch-up contributions will take effect for the City’s 457(b) plan. Please read the memorandum for more information.

Effective September 12, 2025, Vanguard US Growth (VMUAX) will be replaced with the JP Morgan Large Cap Growth (JLGMX). Assets invested in VMUAX will be mapped to JLGMX.

Effective September 12, 2025, the Vanguard Federal Money Market Fund (VMFXX) will be added to the investment lineup. If you move money from the Nationwide Fixed Fund, you must first transfer to another investment for 90 days before moving into the Money Market Fund. This rule does not apply when moving money from the Money Market Fund back to the Nationwide Fixed Fund. The Vanguard Federal Money Market Fund’s returns will vary with market conditions. This information is not intended as investment advice or a recommendation. Please contact Nationwide or consult fund prospectuses for further information.

401(a) and 457(b) Deferred Compensation Plans - Nationwide Retirement Solutions

401(a) Deferred Compensation Plan - required participation as identified in the City's labor agreements.

457(b) Deferred Compensation Plan - available to Career benefit-eligible employees. To participate in the 457 plan or to change your contribution amount, visit CityofSacRetPlan.com.

Contact Rick Watson, the City's Nationwide Retirement Specialist, for more information at rick.watson@nationwide.com or schedule a meeting with Rick online.