Title
Administrative Allowance Account Statement
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FileID
File ID: 2026-01186
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Location
Location: Citywide
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Recommendation
Recommendation: Review and file.
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Contact
Contact: Samantha Hardy, Interim Director, (916) 808-7657, shardy@cityofsacramento.org, Department of Human Resources
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Administrative Allowance Account Statement
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Description/Analysis
IssueDetail
Issue Detail: The Administrative Allowance Account statement is being added as a standing consent calendar agenda item. The statement is provided by Nationwide and reflects a snapshot of expenses paid and funds received as of the date the report is generated from Nationwide's system. Because the report is point-in-time, it may not include recently submitted invoices or payment requests where payment from the account has not yet been completed.
Upon review of the enclosed statement, staff confirms there are no outstanding expenditure requests pending payment by Nationwide.
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PolicyConsiderations
Policy Considerations: None.
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EconomicImpacts
Economic Impacts: None.
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EnviornmentalConsiderations
Environmental Considerations: This action is not subject to the California Environmental Quality Act (CEQA) because it is not a "project" as defined in section 15378 of the CEQA Guidelines.
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Sustainability
Sustainability: None.
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Commission/CommitteeAction
Commission/Committee Action: None.
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RationaleforRecommendation
Rationale for Recommendation: The Administrative Allowance Account is funded by 457(b) plan participants through a $1.50 monthly fee deducted from their plan balance. Including the Administrative Allowance Account statement as a standing consent calendar item provides ongoing transparency regarding account activity and the use of participant-funded administrative fees.
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FinancialConsiderations
Financial Considerations: None...
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