The purpose of this plan and trust is to provide funds for retirement of the employees covered by this plan, and to provide funds for their beneficiaries in the event of death.
A pension committee consisting of five members is responsible for administering the plan. The members of the pension committee are as follows:
The pension committee is responsible for the following:
Contact Information for current pension committee members:
The plan is currently administered by Wells Fargo.Visit www.wellsfargo.com/retirementplan for access to your account to:
- View your account balance
- Change your investment elections
- Change your deferral percentage
Effective August 1, 2013 the City and County of Broomfield is partnered with Strategies LLC . Strategies LLC is an independent firm that will provide retirement plan and investment consulting on a plan level and will provide education and investment advice to employees.
Kristi Sullivan, Certified Financial Planner with Strategies LLC is available to employees enrolled in this plan for investment advice. Kristi is typically on-site once a month for thirty-minute appointments or can be contacted on a individual basis, please see her information below:
View the Partnership announcement with Strategies by clicking here.
Current Board Meeting Agenda:
January 22, 2014 || Strategies Investment and Plan Review 1/22/2014
Past Board Meeting Agenda -
November 20, 2013 || Strategies Investment and Plan Review 11/20/2013 || Q3 Performance || Q3 Wells Fargo MPP Report
October 2, 2013 || Strategies Assessment and Recommendations 10-2-2013
August 20, 2013 || Q2 Performance || Q2 Compliance Report || Q2 Summary Report || Strategies Report
May 13, 2013 || Q1 Compliance Report || Q1 Summary || Diversification Report
Board Meeting Minutes -
Prior Year Board Meeting Minutes:
October 2, 2013 || August, 20, 2013 || May 13, 2013 || February 5, 2013
September 13, 2012 ||
June 19, 2012 Click here for the document referenced in these minutes ||
May 17, 2012 ||
March 13, 2012 ||
February 8, 2012
Strategies LLC Monthly Tips and Presentations:
September Presentation: Introduction to Strategies and Investment Tips
Money Purchase Plan for Peace Officers - Municipal Code
Private Letter Ruling - Disability Offset
Ordinance No. 1967 - amends the Money Purchase Plan for Peace Officers to add an optional provision from the Pension Protection Act. The optional provision allows disabled or retired peace officers the ability to have up to $3,000 distributed tax-free annually from the money purchase plan in order to pay for insurance premiums for an accident or health plan or a qualified long-term care insurance contract. Wells Fargo will administer the distribution process in compliance with the Pension Protection Act.
Social Security Administration - Windfall Protection Act http://www.socialsecurity.gov/pubs/10045.html