Description
Title: Report
Summary
The document outlines a Fiduciary Investment Review prepared for the City of Delray Beach by Wealthspire Retirement Advisory, scheduled for June 3, 2026. It focuses on updates regarding retirement plan management, including regulatory changes and the effects of the SECURE Act 2.0, which impacts employer contributions to Roth catch-up provisions. Key topics of discussion include participant distributions, investment selection, and the integration of recordkeeping services amid market consolidations. The review emphasizes the importance of fiduciary education and best practices for retirement committees, aiming to enhance participant outcomes through strategies like auto-enrollment and escalation. Overall, this legislation matters as it aims to improve financial wellness for city employees and ensure compliance with evolving retirement plan standards.