A. JCCC Investment Committee The Johnson County Community College Investment Committee (the “Committee”) was formed on July 1, 2011 with the responsibility for overseeing all matters relating to the investment of the assets and administration of the Plans. On June 1, 2022 the Committee amended & restated the Investment Policy Statement (IPS) for the College. A copy of the Committee Charter and IPS are attached as Exhibits 1 & 2. B. JCCC Retirement Plans JCCC adopted the Johnson County Community College 403(b) Plan on July 1, 1978, and the Johnson County Community College 457(b) Tax Deferred Retirement Plan on July 1, 2009 (the “Plans”), to provide retirement savings for its eligible employees. As of September 1, 2025, the Plans cover approximately 1,900 participants and have total assets of approximately $318,500,000. Relevant plan information is attached as Exhibits 3 & 4. C. Overview/Objectives/Deliverables Johnson County Community College and the Committee intend to retain a fully qualified Investment Consultant to serve as a fiduciary and “investment manager” of the Plan’s Core Funds. The purpose of this RFP is a due diligence review of the marketplace and not the result of any dissatisfaction in service from the current provider. The Committee and/or College have delegated its authority to the Investment Manager to select, evaluate, and monitor the performance of the Core Funds offered under the Plan(s). Accordingly, the Investment Manager, and not the Committee or College, shall have discretionary authority and fiduciary responsibility to select, monitor, and replace the Core Funds. The Committee and/or College retain the fiduciary responsibility for selecting, evaluating, and monitoring the Investment Manager. In addition, the Committee shall be responsible for developing, reviewing, and revising investment policies for the Plan(s); monitoring Plan(s) fees; and providing participants with access to educational materials and other information regarding investment options under the Plan(s). The Investment Consultant/Manager will be responsible for working toward the performance goals established by the Committee. Together, the Committee and the Investment Consultant/Manager will design a reporting framework that delivers timely and meaningful information to both parties. The Committee intends to meet with the Investment Consultant/Manager on a quarterly basis to review the results from the prior quarter, acknowledge progress and achievements, and collaborate on action plans for areas requiring improvement.
