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Deferred Compensation Plans


Valley Water provides two deferred compensation plans to its employees and retirees: a 457(b) plan and a 401(a) plan. The current Plan Administrator for both of these plans is Nationwide Retirement Solutions and Nationwide Life Insurance Company (Nationwide).  Although not open to new plan participants, Lincoln GP46460 is the Plan Administrator for existing employee and retiree deferred compensation assets in Lincoln GP46460.  Access and contact information are provided below.

Oversight of the Plan Administrator’s role and performance is provided by Valley Water’s Deferred Compensation Committee. The Committee functions under the authority of the Chief Administrative Officer, reporting to the Chief Executive Officer. The board of directors established the authority for this structure at its July 3, 2001 meeting. The current membership of the Committee is shown in the table below.

The Committee is advised by an investment advisory firm, currently Innovest Inc. The Committee meets at least quarterly. See the schedule of recent past and current year planned meetings below. Employees and retirees are welcome to attend these meetings.

FY2020 Deferred Compensation Committee:   

Voting Members Representing Alternate
Barton Ching  Chair  Engineers Society Marie Garcia 
Fidel Gonzalez Vice Chair  Employees Association Juan Ledesma
Enrique De Anda Chief Financial Officer Darin Taylor
Dawne Messick Human Resources Ingrid Bella
David Cahen Professional Managers Assoc. John Brosnan 
Bhavani Yerrapotu Unclassified Tina Yoke
Dave Hook        

Assoc. of Retired District Emp.

Ed Drury
Non-Voting Members Representing Alternate
Charlene Sun Treasury & Debt Unit Manager None
Brian Hopper District Counsel None
Ofelia Hsieh Payroll Unit None
Diahann Soleno Committee Liaison Janet Middleton

Nationwide & Lincoln Plan Administrators

Nationwide Retirement Solutions Lincoln Retirement Solutions

457(b) Plan #0041619001
401(a) Plan #0041619002

401(a) Plan Changes (external link)

Retirement Resource Group 1-888-401-5272
Nationwide Customer Service: 1-877-677-3678

Schedule appointments online

Plan #GP46460

Lincoln Financial Group

Nationwide payroll change Authorization form

Valley Water Nationwide direct link 

Valley Water's Retirement Temporary Rep:
Justin Bryant  | 1-831-200-5501



Feb.10, 2021 
Feb. 24, 2021, Q4 Review April 7, 2021
May 19, 2021 
Q1 Review
June 9, 2021 Bi-Monthly Aug. 11, 2021 Bi-Monthly
Agenda, Minutes Agenda, Minutes Agenda, Minutes Agenda, Minutes Agenda, Minutes Agenda, Minutes
Aug. 25, 2021
Q2 Review
Oct. 13, 2021
Nov. 24, 2021
Q3 Review
Dec. 8, 2021
     2020         2019
Agenda, Minutes Agenda, Minutes Agenda, Minutes Agenda, Minutes Agenda's & Minutes Agenda's
& Minutes

updated 10/18/2021 | Committee contact person: Diahann Soleno