Title
Plan Administration Committee (PAC) Report
Bernie Dawson, PAC Chairman, Drew McCorkle, CAPTRUST Advisors
Other Info
Submitted By: Bernie Dawson
Department: Workforce and Safety Operations
Financial Impact and Cost/Benefit Considerations: N/A
Discussion
Pursuant to Board resolutions (December 2015 and May 2020) delegating fiduciary authority and approving the Composition and Roles in the Responsibilities of and Guidelines for Appointment of Members of the Pedernales Electric Cooperative, Inc. Plan Administration Committee (“PAC”), the PAC “report[s] annually to the Board on its work for the Board’s overall monitoring of the operation of the PAC” and employee benefit plans.
The PAC administers the fiduciary administrative and investment decisions for PEC plans, including implementation, strategies and objectives of the PEC plans’ investments, providers and operations.