REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
March 24, 2026
FROM
LEONARDO GONZALEZ, Director, Human Resources Department
SUBJECT
Title
Amendment to Contract with Voya Retirement Insurance and Annuity Company, Voya Financial Partners, LLC, and Voya Institutional Trust Company for the Voluntary Retirement Plans and Retirement Medical Trust Plan
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RECOMMENDATION(S)
Recommendation
Approve Amendment No. 4 to Contract No. 21-909 between San Bernardino County, Voya Retirement Insurance and Annuity Company, Voya Financial Partners, LLC, and Voya Institutional Trust Company, as the provider for administrative, investment, and recordkeeping services for the Voluntary Retirement Plans and the Retirement Medical Trust Plan, to revise the terms and conditions and exercise an existing two-year option to extend the term, for a total contract term of January 1, 2022 through December 31, 2028.
(Presenter: Leonardo Gonzalez, Director, 387-5570)
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COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Improve County Government Operations.
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General Funding (Net County Cost). Costs associated with recordkeeping services provided by Voya Retirement Insurance and Annuity Company, Voya Financial Partners, LLC, and Voya Institutional Trust Company (collectively referred to as Voya) are paid for by plan participants. The recommended Amendment No. 4 does not change the reimbursement amount paid to the County.
BACKGROUND INFORMATION
Approval of this item authorizes an extension and revision to the terms and conditions of the Contract for the County's Voluntary Retirements Plans and Retirement Medical Trust Plan with the current contracted service provider, Voya, for the County's 401(k) Defined Contribution, 401(a) Defined Contribution, 457(b) Deferred Compensation, PS...
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