FIRST QUARTER    |   2026
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Meet Arturo Mendez, the newest dedicated Account
Manager for the CalPERS 457 Plan

The dedicated team of Account Managers for the CalPERS 457 Plan helps your employees get and stay on track for retirement. At the end of March, one of the Account Managers also achieved that goal and is now enjoying retirement.

Debbie Orlauski was a part of the Account Manager team for more than 10 years and in the financial services industry for over 20 years. While we will miss her and know that the agencies and employees she supported will too, we’re excited that she has started this new chapter in life and thank her for the years of service and dedication to the CalPERS 457 Plan.

Arturo MendezWith Debbie’s departure, the CalPERS 457 Plan welcomes Arturo Mendez to the Account Manager team. Arturo will serve the counties of central California (Fresno, Kern, Kings, Madera, Mariposa, Merced, Monterey, San Benito, San Luis Obispo, Stanislaus, Tulare, and Tuolumne). He has been in the financial services industry for more than 10 years, serving in a variety of corporate and government client relationship management roles. Arturo graduated from University of California, Merced with a degree in Business Management and maintains active FINRA Series 7, 63, 65, California insurance license (License #4300266) designations. Plus, Arturo is bilingual and can meet with any employee who prefers to receive Spanish-language support.

Like all the dedicated Account Managers, Arturo is passionate about helping people learn more about the benefits of saving for retirement and establishing their own retirement savings strategy. If your agency previously worked with Debbie and has not yet met Arturo, please contact him by email or phone at 888-713-8244 ext. 4. You can also meet the dedicated Account Managers for the CalPERS 457 Plan for more information about how they are located across the State to support you.

Information from registered Plan Service Representatives is for educational purposes only and is not legal, tax or investment advice. Local Plan Service Representatives are registered representatives of Voya Financial Advisors, Inc., member SIPC (VFA). Plan administration services provided by Voya Institutional Plan Services, LLC.

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In this Edition

It is vital to let the CalPERS 457 Plan team know when there are changes to your personnel. Let’s work together to ensure that we have updated records of your agency’s points of contact, their roles, and how to reach them by phone and email.

Please report any changes to the CalPERS 457 Plan team as soon as possible.

In this Edition

Meet Arturo Mendez, the newest dedicated Account Manager for the CalPERS 457 Plan

How can you tell that you’re still in good company with the CalPERS 457 Plan?

The CalPERS 457 Plan receives a 2025 NAGDCA Leadership Award

Do you have questions about your agency’s 2025 CalPERS 457 Plan Year-end Summary?

Schedule a CalPERS 457 Plan review to help do more than just satisfy your fiduciary responsibility

Contact Us

 

Resources

Archive

calpers457.com

calpers.voya.com

CalPERS Employer Resource Center

CalPERS 457 Plan Webinars

CalPERS Webinars

making cents Participant Newsletter

myCalPERS

Schedule a Personal Phone Appointment

 

 


How can you tell that you’re still in good company with the CalPERS 457 Plan?

CalPERS understands that you have options when it comes to the retirement vehicles you offer to your employees. As you continue managing your employee benefits, you could be presented with opportunities by investment providers and financial professionals who may not have your best interests in mind. When considering those offers, ask these important questions to see how they compare to the CalPERS 457 Plan. By doing so, we’re confident you’ll find that the CalPERS 457 Plan remains a low-cost, convenient way for your employees to save for retirement while also receiving best-in-class service and support.

Questions to Ask CalPERS 457 Plan Answer Other Plan Answer
Will you help manage our agency’s fiduciary responsibilities? Yes  
Are you able to utilize our agency’s current payroll deduction reports/feeds? Yes  
What is the “all in” cost to recordkeep and administer the Plan?

No cost to employers

No recordkeeping or administrative fee for participants

 
Do you engage in revenue sharing or administrative expense reimbursement? No  
What are the investment management and operating expenses?

Total fund expenses of 0.19% - 0.32% for the core investment options

Annual administration fee of 0.19% and $50 annual maintenance fee for the optional self-directed brokerage account

 
Who manages the investments in your Plan’s fund lineup? The proprietary lineup of core investments are managed by CalPERS staff and professional managers under contract to CalPERS  
If your Plan’s fund lineup includes Target Retirement Date Funds, are they specifically designed for public employees based on portfolio theory and behavioral finance? Yes  
Do participants pay a contract maintenance fee? No  
Do participants pay a withdrawal fee? No  
Do participant services include access to licensed financial professionals at no additional cost? Yes  
Are the licensed financial professionals focused on participant education, not selling investment products? Yes  
Would a participant’s account be at risk if the issuing company went bankrupt or became insolvent? No  
Can a participant access money in their account at any time in retirement without penalty, fee or cost? Yes  
Do participants pay commissions on opening their new account or making changes to investments within the account? If so, what are they?

No for core investment changes

Transaction fees may apply for investment changes made within the brokerage account option

 

CalPERS is your partner in supporting your employees on their journey to and through retirement. For more information about the CalPERS 457 Plan and to discuss new ways we can help serve your employees, please call the CalPERS 457 Employer Plan Line at 800-696-3907 for email calpers_457_plan@calpers.ca.gov.


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The CalPERS 457 Plan receives a 2025 NAGDCA Leadership Award

CalPERS is a member of the National Association of Government Defined Contribution Administrators (NAGDCA), which advances public sector retirement security by equipping plan sponsors with high-quality data, practical resources, and proven best practices. NAGDCA supports members across all 50 states in strengthening plan operations, advancing effective policy, improving participant outcomes, and fostering an engaged, inclusive professional community.

Each year, NAGDCA recognizes the brightest ideas and most innovative solutions from across the public sector defined contribution industry with the NAGDCA Leadership Awards. Projects and campaigns from NAGDCA members are eligible for nomination in five categories that are then reviewed by a volunteer awards committee and judged on originality and measurable results.

We are proud to announce that the CalPERS 457 Plan was named a 2025 winning program in the category of Plan Design & Administration, which is one of the most direct ways plan sponsors can influence employee retirement outcomes.

CalPERS team members pictured with the NAGDCA Leadership Award are (from left) Michele Nix, Melody Benavides, Tsean Rowe, Sonia Bugarin, Robert Sharp, Sarah Sullivan, Dave Saavedra, Katherine Kersey, and Lee Lo

 

Caption (from left): Michele Nix, Melody Benavides, Tsean Rowe, Sonia Bugarin, Robert Sharp, Sarah Sullivan, Dave Saavedra, Katherine Kersey, and Lee Lo

The Leadership Award recognized the work CalPERS did in implementing Roth contributions to comply with the SECURE 2.0 Act of 2022 and adding an online enrollment feature for the CalPERS 457 Plan. We are excited to share this good news with all the agencies that have adopted the CalPERS 457 Plan and thank you for your continued partnership. You can view the winning CalPERS 457 Plan submission and explore the other award-winning projects and campaigns by visiting nagdca.org/about/nagdca-awards/2025-award-winners.

 

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Do you have questions about your agency’s 2025 CalPERS 457 Plan Year-end Summary?

The annual CalPERS year-end summary email was sent to agency contacts in mid-March. Thank you to the agencies that responded to the email with questions they had about their overall participation rate and participant engagement trends. While the email helps satisfy your fiduciary responsibility, it can also be used as a starting point in exploring ways to get eligible employees enrolled, interacting with their account online, meeting with their dedicated Account Manager, updating their account and savings rate as needed, and much more. The better informed we can help you become about the CalPERS 457 Plan, the better you can serve your employees when they reach out to learn more about their retirement benefits.

For questions about your results or to create a plan to help increase employee engagement and participation, contact CalPERS by email at CalPERS_457_Plan@calpers.ca.gov or call 800-696-3907. With the recent addition of online enrollment and additional participant enhancements to come in 2026, it’s never been a better time to make sure employees know about the CalPERS 457 Plan.

 

 

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Schedule a CalPERS 457 Plan review to help do more than just satisfy your fiduciary responsibility

How has your CalPERS 457 Plan performed recently? How many of your employees are actively saving for retirement to their account to achieve their retirement goals? How are you incorporating CalPERS 457 Plan resources and tools into your employee education strategy? If you don’t know or aren’t sure, a review of your agency’s CalPERS 457 Plan can help. In addition to helping to satisfy your fiduciary responsibility to oversee the CalPERS 457 Plan, a review can explore ways that we can work better with you and your employees to achieve their retirement goals.

Email Dave Saavedra or call 916-795-3908 today to arrange a review.

Contact Us

CalPERS 457 Plan representatives are available for myCalPERS and payroll assistance. Email us or call 800-696-3907, Monday – Friday, 8 a.m. – 5 p.m. (Pacific Time).

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Plan administration services provided by Voya Institutional Plan Services, LLC. Information from registered Plan Service Representatives is for educational purposes only and is not legal, tax or investment advice. Local Plan Service Representatives are registered representatives of Voya Financial Advisors, Inc. (member SIPC).

This newsletter was prepared by Voya Financial®. Articles by Voya are not intended to provide tax or investment advice. Any opinions, advice, statements, services, offers or other information or content expressed or made available herein has not been independently verified by the California Public Employees’ Retirement System (CalPERS), nor does it necessarily state or reflect the views of CalPERS. Reference herein to any specific commercial products, processor service by trade name, trademark, manufacturer or otherwise does not necessarily constitute or imply its endorsement, recommendation or favoring by CalPERS. © 2026 Voya Services Company. All rights reserved

 

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