Pioneer Library System Board of Trustees Special Meeting

Pioneer Library System AGENDA Investment Review Meeting for September 30, 2016 Reporting Period Date: Monday, November 28, 2016 Time: 3:00 – 4:30 PM CST Attendees  Pioneer Library System Retirement Committee Members: Anne Masters, Doug Buck, Theresa Dickson, Lisa Wells, Jennifer Marshall, Chuck Thompson, Anita Semtner, Mark Alfonso, Charlie Sherman and Annette Brown  Pioneer Library System Retirement Committee Guests: Suzanne McClain Atwood and Brent Wheelbarger  Pioneer Library System Attorney: Becky Patten  Lockton Retirement Services: David Altimont, Morgan Mitchell and Leanne Lewallen  MassMutual: Kim Youngerman Agenda Items 1. Prior Meeting Minutes – Leanne Lewallen a. 3/29/2016; 6/14/2016; 9/29/2016 2. 2016 Fee Benchmarking – Leanne Lewallen 3. MassMutual Plan Review – Kim Youngerman a. Report on MassMutual Issues i. Consolidated Gap Analysis Statements ii. MassMutual Repricing b. Employee Education and Communication Plan c. Financial Wellness d. Forfeiture Account Balance 4. Lockton Retirement Services – Q3 Plan Investment Review – David Altimont a. Market Commentary b. Asset Allocation c. September 30, 2016 Plan Performance / Scorecard i. Funds Placed on the Watch List – DB Plan: 1. Mass Mutual Premier US Gov Money Mkt R5 (MKSXX) 2. MFS Utilities R3 (MMUHX) 5. Compliance Commentary – Leanne Lewallen 6. Pioneer Library System – Anne Masters / Becky Patten a. Additional Contribution to DB Plan b. 457(b) Summary Plan Description Amendment c. Upcoming 2017 Committee Activity 7. Fiduciary Training – Leanne Lewallen a. Document Retention & Permissible Plan Expenses 8. Next Investment Review – December 31, 2016 Reporting Period