REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
May 24, 2022
FROM
DIANE RUNDLES, Director, Human Resources Department
SUBJECT
Title
Amendment to the San Bernardino County 401(k) Defined Contribution Plan Document
End
RECOMMENDATION(S)
Recommendation
Approve amended plan document for the San Bernardino County 401(k) Defined Contribution Plan.
(Presenter: Diane Rundles, Director, 387-5570)
Body
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). Contributions to the 401(k) Defined Contribution Plan include compensation reduction contributions and employer matching contributions. The proposed amendment expands the eligibility of participation to all San Bernardino County Employees' Retirement Association (SBCERA) employees.
BACKGROUND INFORMATION
Approval of this item authorizes an amendment to the plan document for the San Bernardino County (County) 401(k) Defined Contribution Plan (401(k) plan).
Since 1984, the County has maintained a 401(k) Salary Savings Plan, which has been limited to its Exempt benefit employees and elected officials. Currently, of the 75 SBCERA employees, less than half are eligible to participate in the 401(k) plan. SBCERA requests that the 401(k) plan be expanded to include all SBCERA employees.
Service Employees International Union Local 721 (SEIU) represents 50 SBCERA employees, which are classified as either Exempt Unit or General Unit Employees. The 401(k) plan currently applies to the Exempt Unit Employees, which includes just two employees. SBCERA requests that the 401(k) plan be expanded to include the General Unit Employees, for a total of 50 employees.
Section 4.4.2 of the Memorandum of Understanding between SEIU and SBCERA states, "...
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