Board of Supervisors — Public Safety & Justice Committee

Defined Contribution Plans Committee AGENDA Wednesday, March 25, 2026 – 10:00 a.m. Regular Meeting 400 Race Street, Suite 201 San Jose, CA 95126 1 Notice to the Public – Meeting Procedures In compliance with the Americans with Disabilities Act and the Ralph M. Brown Act, those requiring accommodations in this meeting should notify the Employee Services Agency’s (ESA) clerk of the County of Santa Clara Defined Contribution Plans Committee at least 24 hours prior to the meeting at (408) 970-2612, or TDD (408) 993-8272. Please note: To contact the Committee and/or to inspect any disclosable public records relating to an open session item on a regular meeting agenda and distributed by the County to all or a majority of the Committee less than 72 hours prior to that meeting, contact the ESA clerk at (408) 970-2612 or 70 West Hedding Street, 8 th  Floor, San Jose, CA 95110, during normal business hours. Persons wishing to address the Committee on a regularly scheduled item on the agenda are requested to complete a Request to Speak Form and give it to the Clerk (Government Code Section 54953.3). The Chairperson will call on individual speakers when the item is considered. Speakers are requested to limit their comments to two minutes. Groups of speakers on a specific item are asked to limit their total presentation to a maximum of 20 minutes for each side of the issue. Commute Alternatives: The Board of Supervisors encourages the use of commute alternatives, including public transit, bicycles, carpooling, and hybrid vehicles. For schedules and trip planning information, visit www.vta.org or contact the VTA Customer Service Department at (408) 321-2300, Monday through Friday from 6:00 a.m. to 7:00 p.m. and Saturday from 7:30 a.m. to 4:00 p.m. 1.   Call to Order/Roll call. 2.   Public Comment. This item is reserved for persons desiring to address the Committee on any matter within the subject matter jurisdiction of the Committee that is not on this agenda. Members of the public who wish to address the Committee on any item not listed on the agenda should complete a Request to Speak Form and give it to the Clerk. The Chairperson will call individuals to speak in turn. Speakers are limited to the following: three minutes if the Chairperson or designee determines that five or fewer persons wish to address the Committee; two minutes if the Chairperson or designee determines that between six and fourteen persons wish to address the Committee; and one minute if the

Defined Contribution Plans Committee AGENDA Wednesday, March 25, 2026 – 10:00 a.m. Regular Meeting 400 Race Street, Suite 201 San Jose, CA 95126 2 Chairperson or designee determines that fifteen or more persons wish to address the Committee. The law does not permit Committee action or extended discussion of any item not on the agenda except under special circumstances. If Committee action is requested, the Committee may place the matter on a future agenda. Statements that require a response may be referred to staff for reply in writing. 3.   Approve Minutes of the February 25, 2026 meeting. 4.   Receive verbal report from Employee Services Agency relating to administration of Defined Contribution Plans. 5.   Receive report from Innovest Portfolio Solutions and Fidelity Workplace Services relating to the Forfeiture Account and best practices. 6.   Consider recommendations relating to the Colorado Public Plan Coalition (CPPC) 2026 Conference in Beaver Creek, Colorado in August 2026. Possible action: a)   Receive report relating to possible attendance by member(s) of the Committee at the CPPC 2026 Conference. b)   Approve specified member(s) of the Committee to seek approval from the Board of Supervisors to attend the CPPC 2026 Conference. 7.   Announcements This item is reserved for brief announcements of matters of interest to the Committee. Discussion amongst Committee members should be limited to procedural matters such as scheduling items for future consideration. a.   Committee

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What happened The Board of Supervisors — Public Safety & Justice Committee met on 2026-03-25 at 10:00 AM and discussed Defined Contribution Plans Committee AGENDA Wednesday, March 25, 2026 – 10:00 a.m. Regular Meeting 400 Race Street, Suite 201 San Jose, CA 95126 1 Notice to the Public – Meeting Procedures In compliance with the Americans with Disabilities Act and the Ralph M Key decisions Approve Minutes of the February 25, 2026 meeting. b) Approve specified member(s) of the Committee to seek approval from the Board of Supervisors to attend the CPPC 2026 Conference What matters to the public Regular Meeting 400 Race Street, Suite 201 San Jose, CA 95126 1 Notice to the Public – Meeting Procedures In compliance with the Americans with Disabilities Act and the Ralph M. Brown Act, those requiring accommodations in this meeting should notify the Employee Services Agency’s (ESA) clerk of the County of Santa Clara Defined Contribution Plans Committee at least 24 hours prior to the meeting at (408) 970-2612, or... Topics covered - Housing and land use - Budget and finance - Transportation and infrastructure - Public safety - Health and social services Notable people / organizations - Defined Contribution Plans Committee AGENDA Wednesday - Regular Meeting - Race Street - San Jose Next steps • Gordon noted very strong performance across all equity funds during short- and long-term timeframes, adding that fixed income funds produced above average returns in 2025 as well. Jake also discussed upcoming County-wide visits planned and communications programs for next month, including the Women in Fidelity Defined Contribution Plans Committee February 25, 2026 – 10:00 a.m