The STARS Executive Committee approved and welcomed the Town of Discovery Bay Community Services District to the program, effective January 1, 2021. The Town completed a thorough review of the program and enrolled upon seeing the benefits that the STARS program offers – low fees and fiduciary oversight are just a few. The agency will […]
STARS is shorthand for the California Public Agencies Self-Directed Tax-Advantaged Retirement System. It consists of two trusts formed in 2009 for the exclusive use of California public agencies and their employees. We are pleased to announce that Indian Valley Community Services District has joined the STARS program, effective November 1. Through STARS, the employees of […]
Recently the STARS Executive Committee awarded an administrative services agreement with Regional Government Services for additional support to help with public agencies and employees join and participate in the STARS programs. Two agencies participate currently and together their employees have $11.6 million in assets in STARS. As assets grow, participants benefit by lower fees and […]
STARS Executive Committee approves Indian Valley Community Services District for admission, pending approval by their Board in August. A second agency is performing their due diligence. SageView provided a ranking analysis of existing portfolio and costs versus the STARS portfolio, demonstrating the value of pooling public agency efforts to get a better employee benefit.
Despite a volatile equity market, assets in the plan grew 8.5% in the last 12 months, from $10.6M as of June 30, 2019 to $11.5M as of June 30, 2020.
MassMutual and SageView Advisory Services provide additional support, enabling STARS to contract for enhanced support to conduct outreach and help public agencies be aware of the advantages of joining the pool. As the assets in the pool grow the participants benefit with increased buying power in the recordkeeping and financial advisory markets. The contract starts […]
At the January 31, 2019 STARS meeting, Araceli Fierro, Transbay Joint Powers Authority, and Janet Beaugh, Regional Government Services Authority, were appointed to the STARS Executive Committee. The new members joining existing members Joseph Chan, ABAG CFO retired, and Richard Averett, Regional Government Services Authority.
After six years partnering with Unified Trust Company, the STARS Board has selected MassMutual to become the STARS Trusts new service provider.
STARS Retirement Plan reaches $15 Million in total Assets.
Driven largely by contributions, STARS assets have grown 20 percent in the last nine months.