REPORT TO DEFERRED COMPENSATION ADVISORY COMMITTEE
SUBJECT
Title
Informational Report on Fourth Quarter 2025 and First Quarter 2026 Quarterly Plan Review presented by Fiduciary Consulting Group; Action on Recommendation from Fiduciary Consulting Group regarding the Watch Status of T. Rowe Price Large Cap Growth Fund
Report
DISCUSSION
This is a report to the City’s Deferred Compensation Advisory Committee on the Plan’s third quarter 2025 performance presented by Fiduciary Consulting Group. The report will cover the following topics: (1) Economic and market overview, (2) Plan overview, (3) Plan review, (4) Fund review, (5) Fee review, and (6) Fund attributions. The Plan Overview portion of the report contains a recommendation to place T. Rowe Price Large Cap Growth Fund on the watch list in accordance with the Investment Policy.
RECOMMENDATION
Recommendation
1. Note and File Fourth Quarter 2025 and First Quarter 2026 Quarterly Plan Review
2. Approve the following recommendation from Fiduciary Consulting Group:
a. Add T. Rowe Price Large Cap Growth Fund to Watch Status;
ATTACHMENT
1. Fiduciary Consulting Group - City of Santa Clara 12-31-25 Performance Report
2. Fiduciary Consulting Group - City of Santa Clara 3-31-26 Performance Report