Valley Water provides two deferred compensation plans to its employees and retirees: a 457(b) plan and a 401(a) plan. The current Plan Administrator for both of these plans is Nationwide Retirement Solutions and Nationwide Life Insurance Company (Nationwide). Although not open to new plan participants, Lincoln GP46460 is the Plan Administrator for existing employee and retiree deferred compensation assets in Lincoln GP46460. Access and contact information are provided below.
Oversight of the Plan Administrator’s role and performance is provided by Valley Water’s Deferred Compensation Committee. The Committee functions under the authority of the Chief Administrative Officer, reporting to the Chief Executive Officer. The board of directors established the authority for this structure at its July 3, 2001 meeting. The current membership of the Committee is shown in the table below.
The Committee is advised by an investment advisory firm, currently Innovest Inc. The Committee meets at least quarterly. See the schedule of recent past and current year planned meetings below. Employees and retirees are welcome to attend these meetings.
FY2024 Deferred Compensation Committee:
| Voting Members | Representing | Alternate |
|---|---|---|
| Steve De La O - Chair | Employee Association | Juan Ledesma |
| Sam Bogale | Unclassified | Tina Yoke |
| Dave Hook - Chair | Assoc. of Retired VW Employees | Ed Drury |
| Barton Ching - Vice Chair | Engineer Society | Jason Miguel |
| Peter Zhou | Professional Managers Assoc. | John Brosnan |
| Enrique De Anda | Chief Financial Officer | Darin Taylor |
| Winta Berhane | Human Resources | Jennifer Arias |
| Non-Voting Members | Representing | Alternate |
| Charlene Sun | Treasury & Debt Unit Manager | None |
| Brian Hopper | District Counsel | None |
| Ofelia Hsieh | Payroll Unit | None |
| Joy Wright | Committee Liaison |
Nationwide & Lincoln Plan Administrators
| Nationwide Retirement Solutions | Lincoln Retirement Solutions |
|---|---|
|
457(b) Plan #0041619001 401(a) Plan Changes |
Plan #GP46460
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Nationwide payroll change Authorization form Valley Water Nationwide direct link
To schedule an appointment with Tyler, please click on the link below. |
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| Agenda, Minutes | Agenda, Minutes | Agenda, Minutes | Agenda, Minutes | Agenda, Minutes | Agenda, Minutes |
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
updated 06/06/2024 | Committee contact person: Joy Wright
| Attachment | Size |
|---|---|
| Name-Address-Beneficiary Change form.7.2019.pdf | 38.33 KB |
| Deferred Compensation Plan Comparison.pdf | 147.4 KB |
| 00-Current Authorized Signers 2-13-24.pdf | 81.45 KB |