The Plan shall consist of at least three investment funds, each of which is diversified and has materially different risk and return characteristics. In addition to the plan investment options, Savings Plus shall offer a Self-Directed Brokerage Account (SDBA) option. Nothing herein shall be construed to permit any type of investment prohibited by the state Constitution or to unduly limit the addition of new options.
Cal. Code Regs. Tit. 2, § 599.942
Note: Authority cited: Sections 16431, 19815.4(d) and 19993, Government Code. Reference: Sections 19815.4, 19993, 19993.05, 53601 and 53602, Government Code.
Note: Authority cited: Sections 16431, 19815.4(d) and 19993, Government Code. Reference: Sections 19815.2, 19815.4, 19815.6, 19993, 53601 and 53602, Government Code.
2. Amendment of section and NOTE filed 12-29-2023; operative 4/1/2024 (Register 2023, No. 52).