26-1139: Report

Description

Report

Summary

This document is not legislation; it is an investment due-diligence report for City of Delray Beach retirement plans as of June 30, 2026. It covers the 457(b), 401(a), and City Manager plans, identifying investment options, asset classes, balances, percentages, fees, historical returns, and risk/quality scores. The 457(b) plan held about $87.4 million, primarily in asset-allocation and U.S. equity funds. The 401(a) plan held about $1.86 million, while the City Manager plan held about $25,466, nearly all in a 2060 target-date fund. The report supports fiduciary oversight and participant information, but scores and past performance do not guarantee future results.