Committee of the Whole Meeting - HR Training Room — Minutes
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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
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