The Fort Worth Deferred Compensation Plan Oversight Committee was unable to conduct official business on June 12 after failing to reach a quorum, but the three members present received updates on the city’s supplemental retirement savings plan and its first-quarter investment performance.
Retirement Plan Update
Courtney Petkovich, TIAA senior manager and communications consultant, reported that assets in the city’s 457(b) deferred compensation plan reached about $441 million during the first quarter of 2026, a 15% increase from a year earlier.
The plan’s active participation rate stood at 67%, while the average income replacement ratio for participants increased 6.5% year over year. Petkovich said recent new enrollment gains were partly driven by the addition of former MedStar employees.
Committee members and Petkovich discussed ways to improve outreach, including partnerships with employee groups such as the city’s Young Professionals network, and participating in employee appreciation and benefits events.
Investment Performance
Mariner senior institutional adviser Tony Kay told attendees that despite market volatility during the first quarter this year, retirement account balances are expected to recover strongly by the end of the second quarter.
Kay noted that the S&P 500 declined early in the year amid geopolitical uncertainty but has since rebounded to record highs, underscoring the importance of long-term investing over reacting to short-term market swings.
Original reporting: Fort Worth Report — read the source article.
