2026-05-28 May 28, 2026 Committee of the Whole Meeting Minutes - FINAL
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6:00 PM City of Smyrna Mayor and Council Meeting 2800 King Street SE Human Resources Training Room Page 5 of 9 general plan that is approved by Council, and the committee makes decisions within that plan. Mayor Norton asked Ms. Haynie to send Mayor and Council any formal approvals made through the committee so Mayor and Council are all aware of the projects moving forward. Ms. Talarico stated that approval is tiered. Large scale and large cost projects will definitely come before Council. Mayor Pro Tem Gould expressed that the ARTery is important and has been a topic for quite some time, so he asked that if there is a project that is not moving forward or having difficulty moving forward, especially on city-owned property, he would like that to come before Council to see if there is anything Council can do to assist. B. COW2026-044 Presentation by David Griffin and Alice Davis of OneDigital Retirement Services regarding 3(38) Fiduciary Services. Citywide David Griffin and Alice Davis of OneDigital presented the following: FIDUCIARY ROLES & RESPONSIBILITIES 3(21) Co-Fiduciary: Plan Advisers assume co-fiduciary responsibility They provide advice and recommendations regarding plan investment selecting, monitoring and replacing with prudence and objectivity to the investment committee. Plan Advisers do not have discretionary authority, and all final investment decisions are made by the committee. 3(38) Investment Manager: Plan Adviser acknowledges fiduciary status to manage plan assets Appointed investment manager selects, monitors and replaces investments on behalf of the retirement plan committee. Adviser has discretionary authority to buy and sell securities as appropriate. FIDUCIARY ROLES 3(21) 3(38) Investment selection flexibility Fulfills asset class requirement Ongoing monitoring and reporting Investment selection guidance Participant managed accounts available Selects plan investments Market commentary Automatic fund removal and replacement Accepts fiduciary responsibility from plan sponsors for investment alternatives C. COW2026-046 Presentation by Chris Sizemore and Sonji Jacobs of Incisive on a Proposal for Strategic Communications Citywide
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