Deferred Compensation Commission, LA
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Tue Jul 21, 2026
Deferred Compensation Commission
Deferred Compensation Commission to meet July 21, 2026
The Louisiana Deferred Compensation Commission will meet to conduct administrative business and review plan updates. The session includes the swearing-in of a new member and the election of officers.
- Swearing in of Laney Sanders
- Election of Commission Officers
- Review of Charles Schwab pricing guide and participant response on minimum core requirements
- Update on New 3121 Plan implementation
- Attorney General updates regarding Protective Life Insurance Policies
deferred-compensationretirement-plansgovernment-administrationfinance
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
STATE OF LOUISIANA DEFERRED COMPENSATION PLAN
9100 Bluebonnet Centre Blvd., Suite 203, BATON ROUGE, LA 70809
Phone: (225) 663-5505, Fax: (225) 296-6832
M E E T I N G N O T I C E
A meeting of the Louisiana Deferred Compensation Commission will be held at the office of the service provider,
9100 Bluebonnet Centre Blvd, Suite 203, Baton Rouge, LA 70809 on Tuesday, July 21, 2026 at 9:00 a.m.
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July 21, 2026 – AGENDA
1. Call to Order
2. Roll Call of Members
3. Public Comments
4. Swearing In of Laney Sanders
5. Election of Commission Officers
6. Approval of Minutes of Commission Meeting – June 16, 2026
7. Introduction of Greg Howell, Lead Strategist Marketing Comm
8. Service Provider’s Report
a. Plan Update – June, 2026
b. UPA – June, 2026
c. UEW Report – June 2026
9. Plan Audit Update
10. New 3121 Plan Implementation Update
11. Participant Engagement Update
a. Plan Sponsor Letter
12. Plan and Participant Communications
13. Attorney General Updates
a. Protective Life Insurance Policies – Letter
14. Charles Schwab
a. Pricing Guide
b. Participant Response - Minimum Core Requirement
15. OnBoard Renewal Special Offer
16. Other Business …
Tue Jun 16, 2026
Deferred Compensation Commission
✓ Decided: Commission approves May meeting minutes and reviews plan audit status
The Commission approved the meeting minutes from May 19, 2026. Members received updates on a pending plan audit, first-quarter investment performance, and the results of the 2026 Participant Member Election. The Commission also reviewed plan assets, which reached a highwater mark of $2,717.88M as of May 31, 2026.
- Approved May 19, 2026 meeting minutes (unanimous)
- Approved motion to move Plan Audit agenda item before Approval of Minutes (unanimous)
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
Louisiana Deferred Compensation Commission
Meeting Minutes
June 16, 2026
The monthly meeting of the LA Deferred Compensation Commission was held on Tuesday, June
16, 2026, at 9:00 a.m. in the office of the Service Provider, 9100 Bluebonnet Centre Blvd, Suite
203, Baton Rouge, LA 70809.
Members Present
Doug Buras, Designee of Commissioner of Financial Institutions
Andrea Hubbard, Vice Chairperson, Co-Designee of the Commissioner of Administration
Julius Roberson, Co-Designee of the LA State Treasurer
Cindy Rougeou, Participant Member
Laney Sanders, Secretary, Participant Member
Thomas Travis, Designee of the Commissioner of Insurance
Members Not Present
Beverly Hodges, Chairperson and Participant Member
Representative Christopher Turner, Designee of the Speaker of the LA House of Representatives
Senator Valarie Hodges, Designee of the President of the Louisiana State Senate
Others Present
Koushiki Bose, Sr Portfolio Manager-Multi Factor Fixed Income, PGIM-via video conference
Michael Dirstine, Institutional Client Group, PGIM-via video conference
Stephen DiGirolamo, CFA – Managing Director, Wilshire Associates-via video conference
Jason Decker, State of Louisiana Attorney General’s Office, Baton Rouge
Abhishek Kanagala, State of Louisiana Attorney General’s Office, Baton Rouge
Chelsea Zachary, State of Louisiana Attorney General’s Office, Baton Rouge
Carol Holt-Salvi, Senior Consultant, Implementation, Empower, Denver-via video conference
Meli …
Tue Jun 16, 2026
Deferred Compensation Commission
Louisiana Deferred Compensation Commission meets June 16 to review plan performance and election results
The Louisiana Deferred Compensation Commission will hold a meeting on June 16, 2026, at 9:00 a.m. to review quarterly plan performance, discuss investment updates, and approve minutes from the May 19, 2026 meeting. The agenda includes election results, audit updates, and reports from service providers and the Attorney General.
- Approval of minutes from May 19, 2026 meeting
- 2026 Commission Election Results
- 1Q2026 Wilshire Performance Report
- Plan Audit Update
- Standby Letter of Credit – Bank of New York Mellon
deferred-compensationinvestmentsfinancepublic-meetingpension
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
STATE OF LOUISIANA DEFERRED COMPENSATION PLAN
9100 Bluebonnet Centre Blvd., Suite 203, BATON ROUGE, LA 70809 Phone: (225) 663-5505, Fax: (225) 296-6832
M E E T I N G N O T I C E
A meeting of the Louisiana Deferred Compensation Commission will be held at the office of the service
provider, 9100 Bluebonnet Centre Blvd, Suite 203, Baton Rouge, LA 70809 on Tuesday, June 16, 2026 at
9:00 a.m.
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June 16, 2026 – AGENDA
1. Call to Order
2. Roll Call of Members
3. Public Comments
4. Introduction: Jennifer Householder and Melissa Chiumento
5. Approval of Minutes of Commission Meeting – May 19, 2026
6. Investment Manager Meeting: PGIM Core Bond
7. 2026 Commission Election Results
8. 1Q2026 Wilshire Performance Report
9. Service Provider’s Report
a. Plan Update – May, 2026
b. UPA – May, 2026
c. UEW Report – May, 2026
d. 1Q2026 Case Reconciliation
10. Plan Audit Update
11. Standby Letter of Credit – Bank of New York Mellon
12. Attorney General Updates
a. In Lieu of Social Security – Separate Plan
b. Protective Life Insurance Policies – Letter
13. Participant Engagement Report
14. Quarterly Plan Review
15. Other Business
16. Adjournment
Tue May 19, 2026
Deferred Compensation Commission
Commission to review stable value fund and loan defaults
The Louisiana Deferred Compensation Commission will meet to discuss routine administrative items including approval of prior meeting minutes, a first-quarter 2026 stable value update, service provider reports, and a loan default review. The meeting also includes a participant request regarding options trading and scheduling of the September 2026 meeting.
- 1Q2026 Stable Value Update
- Service Provider's Report including Plan Update, UPA, and UEW Report
- Attorney General Updates on In Lieu of Social Security and Protective Life Insurance Policies
- Loan Default Review
- Request from Participant: Options Trading
deferred-compensationcommissionmeetingstable-valueloan-defaultoptions-trading
✓ Decided: Commission denies request to allow options trading in brokerage accounts
The Commission decided against allowing options trading via Self-Directed Brokerage after reviewing risk and industry standards. Members also approved the April 2026 minutes and cancelled the September 15, 2026, meeting due to a scheduling conflict.
- Approved April 21, 2026, meeting minutes (unanimous)
- Denied request to allow options trading via Self-Directed Brokerage
- Cancelled September 15, 2026, Commission Meeting (unanimous)
- Approved adding a review of Principal Diversified Real Assets Fund managerial changes to the agenda (unanimous)
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
STATE OF LOUISIANA DEFERRED COMPENSATION PLAN
9100 Bluebonnet Centre Blvd., Suite 203, BATON ROUGE, LA 70809 Phone: (225) 663-5505, Fax: (225) 296-6832
M E E T I N G N O T I C E
A meeting of the Louisiana Deferred Compensation Commission will be held at the office of the service
provider, 9100 Bluebonnet Centre Blvd, Suite 203, Baton Rouge, LA 70809 on Tuesday, May 19, 2026 at
9:00 a.m.
Microsoft Teams Need help?
Join the meeting now
Meeting ID: 257 185 974 908 15
Passcode: vG7Mw6ka
Dial in by phone
+1 720-372-1810,,210721308# United States, Aurora
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Phone conference ID: 210 721 308#
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May 19, 2026 – AGENDA
1. Call to Order
2. Roll Call of Members
3. Public Comments
4. Approval of Minutes of Commission Meeting – April 21, 2026
5. 1Q2026 – Stable Value Update
a. LA Credit Letter
b. LA CSVF
6. Service Provider’s Report
a. Plan Update – April, 2026
b. UPA – April, 2026
c. UEW Report – April, 2026
7. Attorney General Updates
a. In Lieu of Social Security – Separate Plan
b. Protective Life Insurance Policies – Letter
8. Loan Default Review
9. Other Business
a. Request from Participant: Options Trading
b. September 2026 Commission Meeting Date
10. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
Louisiana Deferred Compensation Commission
Meeting Minutes
May 19, 2026
The monthly meeting of the LA Deferred Compensation Commission was held on Tuesday, May
19, 2026, at 9:00 a.m. in the office of the Service Provider, 9100 Bluebonnet Centre Blvd, Suite
203, Baton Rouge, LA 70809.
Members Present
Doug Buras, Designee of Commissioner of Financial Institutions
Beverly Hodges, Chairperson and Participant Member
Andrea Hubbard, Vice Chairperson, Co-Designee of the Commissioner of Administration
Julius Roberson, Co-Designee of the LA State Treasurer
Laney Sanders, Secretary, Participant Member
Thomas Travis, Designee of the Commissioner of Insurance
Members Not Present
Cindy Rougeou, Participant Member
Representative Christopher Turner, Designee of the Speaker of the LA House of Representatives
Senator Valarie Hodges, Designee of the President of the Louisiana State Senate
Others Present
Stephen DiGirolamo, CFA – Managing Director, Wilshire Associates
Jason Decker, State of Louisiana Attorney General’s Office, Baton Rouge
Chelsea Zachary, State of Louisiana Attorney General’s Office, Baton Rouge
Marybeth Daubenspeck, Vice President, Government Markets, Empower, Denver-via video
conference
William Thornton, Senior Manager, Client Portfolio Svcs, AAG, Empower, Denver-via video
conference
Carol Holt-Salvi, Senior Consultant, Implementation, Empower, Denver-via video conference
Edwin Velis, Project Client Solutions Manager, Empower-via video confe …
Tue Apr 21, 2026
Deferred Compensation Commission
Louisiana Deferred Compensation Commission meets April 21 to review plan updates and appointments
The Louisiana Deferred Compensation Commission will convene on April 21, 2026, at 9:00 a.m. to conduct routine business including approving minutes, appointing a House of Representatives representative, reviewing fund updates, and receiving service provider and Attorney General reports. No major policy decisions are scheduled.
- Approval of March 17, 2026 meeting minutes
- Appointment of Chris Turner to House of Representatives Commission seat
- Review of Capital Group – EuroPacific Growth Fund
- Service Provider’s Plan Update – March 2026
- Attorney General updates on Separate Plan and Protective Life Insurance Policies
deferred-compensationpensionfinancepublic-meetingstate-commission
✓ Decided: Commission approves creation of separate 3121 In Lieu of Social Security Plan
The Commission unanimously approved the setup of a separate plan for 3121 In Lieu of Social Security participants. The body also approved the March 17, 2026, meeting minutes and tabled a decision on allowing options trading in self-directed brokerage accounts.
- Approved creation of 3121 In Lieu of Social Security Plan (Unanimous)
- Approved March 17, 2026, meeting minutes (Unanimous)
- Tabled motion to open Self-Directed Brokerage to all available choices pending tax reporting research
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
STATE OF LOUISIANA DEFERRED COMPENSATION PLAN
9100 Bluebonnet Centre Blvd., Suite 203, BATON ROUGE, LA 70809 Phone: (225) 663-5505, Fax: (225) 296-6832
M E E T I N G N O T I C E
A meeting of the Louisiana Deferred Compensation Commission will be held at the office of the service
provider, 9100 Bluebonnet Centre Blvd, Suite 203, Baton Rouge, LA 70809 on Tuesday, April 21, 2026
at 9:00 a.m.
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Meeting ID: 257 185 974 908 15
Passcode: vG7Mw6ka
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Phone conference ID: 210 721 308#
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April 21, 2026 – AGENDA
1. Call to Order
2. Roll Call of Members
3. Public Comments
4. Approval of Minutes of Commission Meeting – March 17, 2026
5. House of Representatives Commission Appointment: Chris Turner
6. Capital Group – EuroPacific Growth Fund
7. Service Provider’s Report
a. Plan Update – March, 2026
b. UPA – March, 2026
c. UEW Report – March, 2026
8. Attorney General Updates
a. In Lieu of Social Security – Separate Plan
b. Protective Life Insurance Policies – Letter
9. Settlement Checks Mailed
10. Audit Update
11. Commission Election Update
12. Other Business
a. Request from Participant: Options Trading
13. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
Louisiana Deferred Compensation Commission
Meeting Minutes
April 21, 2026
The monthly meeting of the LA Deferred Compensation Commission was held on Tuesday, April
21, 2026, at 9:00 a.m. in the office of the Service Provider, 9100 Bluebonnet Centre Blvd, Suite
203, Baton Rouge, LA 70809.
Members Present
Doug Buras, Designee of Commissioner of Financial Institutions
Beverly Hodges, Chairperson and Participant Member
Andrea Hubbard, Vice Chairperson, Co-Designee of the Commissioner of Administration
Julius Roberson, Co-Designee of the LA State Treasurer
Cindy Rougeou, Participant Member
Laney Sanders, Secretary, Participant Member
Thomas Travis, Designee of the Commissioner of Insurance
Members Not Present
Representative Christopher Turner, Designee of the Speaker of the LA House of Representatives
Senator Valarie Hodges, Designee of the President of the Louisiana State Senate
Others Present
Walt Best – Co-Lead Institutional Business, Capital Group– via video conference
Steve Carruthers – Investment Director, Capital Group – via video conference
David Saunders – Relationship Manager, Capital Group-via video conference
Stephen DiGirolamo, CFA – Managing Director, Wilshire Associates
Jason Decker, State of Louisiana Attorney General’s Office, Baton Rouge
Karen Monaghan, Sr Client Services Manager, Empower, Denver – via video conference
Michela Palmer, Communications Strategist Participant Mktg Comm Gov, Empower, Denver-via
video conference
Shann …
Tue Mar 17, 2026
Deferred Compensation Commission
Louisiana Deferred Compensation Commission to review plan updates and legal procedures
The Commission will meet to review February 2026 service provider reports and receive updates from the Attorney General. The body will also discuss lost account holder services and a strategic partnership plan.
- Attorney General updates on In Lieu of Social Security loans and hardships
- Protective Life Insurance Policies procedures
- Lost Account Holders Services
- Strategic Partnership Plan Presentation
- Participant request regarding options trading
deferred-compensationretirement-plansstate-governmentfinance
✓ Decided: Commission approves updated Attorney General agreement and missing participant services
The Commission approved an updated Cooperative Endeavor Agreement with the Attorney General's Office and accepted new services to locate lost account holders. It also authorized a procedural letter to designate an authorized signer for life insurance death claims.
- Approved February 24, 2026, meeting minutes (unanimous)
- Authorized procedural letter designating Ms. Carrigan as authorized signer for Protective Life Insurance death claims (unanimous)
- Approved updated Cooperative Endeavor Agreement with Attorney General’s Office effective July 1, 2025 – June 30, 2028 (unanimous)
- Accepted enhanced missing participant services at a cost of $30 charged to the participant (unanimous)
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
STATE OF LOUISIANA DEFERRED COMPENSATION PLAN
9100 Bluebonnet Centre Blvd., Suite 203, BATON ROUGE, LA 70809 Phone: (225) 663-5505, Fax: (225) 296-6832
M E E T I N G N O T I C E
A meeting of the Louisiana Deferred Compensation Commission will be held at the office of the service
provider, 9100 Bluebonnet Centre Blvd, Suite 203, Baton Rouge, LA 70809 on Tuesday, March 17, 2026
at 9:00 a.m.
Microsoft Teams Need help?
Join the meeting now
Meeting ID: 257 185 974 908 15
Passcode: vG7Mw6ka
Dial in by phone
+1 720-372-1810,,210721308# United States, Aurora
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Phone conference ID: 210 721 308#
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March 17, 2026 – AGENDA
1. Call to Order
2. Roll Call of Members
3. Public Comments
4. Approval of Minutes of Commission Meeting – February 24, 2026
5. Service Provider’s Report
a. Plan Update – February, 2026
b. UPA – February, 2026
c. UEW Report – February, 2026
6. Attorney General Updates
a. In Lieu of Social Security (Loans and Hardships) – Plan Document
b. Protective Life Insurance Policies - Procedures
7. Lost Account Holders Services
8. Strategic Partnership Plan Presentation
9. Other Business
a. Request from Participant: Options Trading
10. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
Louisiana Deferred Compensation Commission
Meeting Minutes
March 17, 2026
The monthly meeting of the LA Deferred Compensation Commission was held on Tuesday,
March 17, 2026, at 9:00 a.m. in the office of the Service Provider, 9100 Bluebonnet Centre Blvd,
Suite 203, Baton Rouge, LA 70809.
Members Present
Doug Buras, Designee of Commissioner of Financial Institutions
Beverly Hodges, Chairperson and Participant Member
Sonia Mallet, Co-Designee of the Commissioner of Administration
Julius Roberson, Co-Designee of the LA State Treasurer
Cindy Rougeou, Participant Member
Thomas Travis, Designee of the Commissioner of Insurance
Members Not Present
Andrea Hubbard, Vice Chairperson, Co-Designee of the Commissioner of Administration
Representative Tony Bacala, Designee of the Speaker of the LA House of Representatives
Senator Valarie Hodges, Designee of the President of the Louisiana State Senate
Laney Sanders, Secretary, Participant Member
Others Present
Justin Lester, State of Louisiana Attorney General’s Office, Baton Rouge
Jason Decker, State of Louisiana Attorney General’s Office, Baton Rouge
Marybeth Daubenspeck, Vice President, Government Markets, Empower, Denver-via video
conference
Karen Monaghan, Sr Client Services Manager, Empower, Denver – via video conference
Michela Palmer, Communications Strategist Participant Mktg Comm Gov, Empower, Denver-via
video conference
Shannon Dyse, Relationship Manager, Empower, Baton Rouge
Rich Massingill, Mana …
Tue Feb 24, 2026
Deferred Compensation Commission
Louisiana Deferred Compensation Commission meets Feb 24 to review fund performance and plan updates
The Louisiana Deferred Compensation Commission will convene on February 24, 2026, to receive updates on fund managers, performance reports, and service provider activities. The meeting includes routine approvals, public comments, and a 2026 commission election update.
- Approval of December 16, 2025 meeting minutes
- Wilshire 4Q2025 Performance Report review
- Custom Stable Value Update by Bill Thornton
- 2026 Commission Election Update
- Request from Participant: Options Trading
deferred-compensationfinancefund-performancepublic-meetingpension
✓ Decided: Commission orders search for alternative U.S. active equity manager
The Commission directed Wilshire to search for alternative U.S. active equity managers following a review of MFS performance. The board also approved specific account transfers for City Park Conservancy participants and authorized a legal consultation regarding improperly distributed hardship funds.
- Approved search for alternative U.S. active equity manager options (Unanimous)
- Approved acceptance of foreign notary and establishment of non-resident alien account (Unanimous)
- Approved 457b to 403b Plan balance transfers for City Park Conservancy participants (Unanimous)
- Authorized legal consultation with Tarcza and Associates regarding improperly distributed funds (Unanimous)
- Approved use of postage page return envelopes for Commission election ballots (Unanimous)
- Approved Duplantier Hrapmann Hogan & Mahan LLP to count election ballots (Unanimous)
- Approved December 16, 2025 meeting minutes as amended (Unanimous)
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
STATE OF LOUISIANA DEFERRED COMPENSATION PLAN
9100 Bluebonnet Centre Blvd., Suite 203, BATON ROUGE, LA 70809 Phone: (225) 663-5505, Fax: (225) 296-6832
M E E T I N G N O T I C E
A meeting of the Louisiana Deferred Compensation Commission will be held at the office of the service
provider, 9100 Bluebonnet Centre Blvd, Suite 203, Baton Rouge, LA 70809 on February 24, 2026 at 9:00
a.m.
Microsoft Teams Need help?
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Meeting ID: 257 185 974 908 15
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February 24, 2026 – AGENDA
1. Call to Order
2. Roll Call of Members
3. Public Comments
4. Approval of Minutes of Commission Meeting – December 16, 2025
5. Fund Manager Update
6. Custom Stable Value Update – Bill Thornton
7. Wilshire 4Q2025 Performance Report
8. Service Provider’s Report
a. Plan Update – December 2025 and January 2026
b. UPA December 2025 and January 2026
c. UEW Report – December 2025 and January 2026
d. 4Q2025 Case Reconciliation
9. Attorney General Updates
a. Foreign Notary
b. City Park Conservancy Rollover Process
c. Plan Document: In Lieu of Social Security (Loans and Hardships)
10. Audit Update
11. 2026 Commission Election Update
12. Other Business
a. Request from Participant: Options Trading
13. Adjournment
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
Louisiana Deferred Compensation Commission
Meeting Minutes
February 24, 2026
The monthly meeting of the LA Deferred Compensation Commission was held on Tuesday,
February 24, 2026, at 9:00 a.m. in the office of the Service Provider, 9100 Bluebonnet Centre
Blvd, Suite 203, Baton Rouge, LA 70809.
Members Present
Doug Buras, Designee of Commissioner of Financial Institutions
Beverly Hodges, Chairperson and Participant Member
Andrea Hubbard, Vice Chairperson, Co-Designee of the Commissioner of Administration
Julius Roberson, Co-Designee of the LA State Treasurer
Cindy Rougeou, Participant Member
Thomas Travis, Designee of the Commissioner of Insurance
Members Not Present
Representative Tony Bacala, Designee of the Speaker of the LA House of Representatives
Senator Valarie Hodges, Designee of the President of the Louisiana State Senate
Laney Sanders, Secretary, Participant Member
Others Present
Joseph McDougall, CFA – Equity Inst. Portfolio Manager, MFS, Boston-via video conference
Christopher Rooney, CFA – Relationship Director Inst. Relationships, MFS, Boston – via video
conference
Stephen DiGirolamo, CFA – Managing Director, Wilshire Associates
Justin Lester, State of Louisiana Attorney General’s Office, Baton Rouge
Jason Decker, State of Louisiana Attorney General’s Office, Baton Rouge
Marybeth Daubenspeck, Vice President, Government Markets, Empower, Denver-via video
conference
Karen Monaghan,
Sr Client Services Manager, Empower, Denver – via video …
Tue Jan 6, 2026
Deferred Compensation Commission
Nominating Committee to select replacement for Laney Sanders
The Louisiana Deferred Compensation Commission Nominating Committee is meeting to nominate at least one participant. This action is taken because Laney Sanders' term expires on June 30, 2026.
- Nomination of participant for term beginning July 1, 2026
appointmentsdeferred-compensationnominating-committee
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
M E E T I N G N O T I C E
A meeting of the Louisiana Deferred Compensation Commission –
Nominating Committee will be held in the office of the Service
Provider, 9100 Bluebonnet Centre Blvd., Suite 203, Baton Rouge on
Tuesday, January 6, 2026 at 2:00 p.m.
AGENDA
January 6, 2026
The Nominating Committee, having been advised that Ms.
Laney Sanders’ term is scheduled to expire on June 30, 2026, will
meet to nominate at least one participant for the term that
commences on July 1, 2026.
Meeting archives
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