The County sponsors a voluntary defined contribution (DC) retirement program alongside its mandatory defined benefit (DB) retirement plan. The DB assets total almost $1 billion as of 12/31/2025 and consists of five plans:§457 Voluntary Plan, $946 million§401a Mandatory Plan, $22 million§457 OBRA Plan, $17 million§401a OBRA Plan (closed), $8 million§401a Money Purchase Plan, $5 millionTOTAL, $998 millionThe number of participants in each plan are as follows. Note that some participants are eligible and are participating in multiple plans.§457 Voluntary Plan, 9,762§401a Mandatory Plan, 1,245§457 OBRA Plan, 3,098§401a OBRA Plan (closed), 2,219§401a Money Purchase Plan, 49TOTAL, 16,373The intended scope of the DC plan audits includes the following:Financial Reporting & Statement Audit: Verification of the plan's financial accuracy, including the statement of net assets available for benefits and changes in net assets.Participant Data & Eligibility Testing: Review of participant data such as enrollment, birth dates, and hire dates for eligibility compliance.<span data-processed="
Unlock the source link for this bid, plus email alerts when similar Legal & Financial bids open in California. 4,840 open bids in California — see them all with your trial.
Unlock with a 7-day free trial$49/mo after · cancel anytime
Card required · $0 today