Administrator - Bundled
The authority is seeking a comprehensive provider for its retirement plans.
The program is searching for administration, management and investment management services.
The selected firm will provide administration, record keeping, communication, education, investment management and custodial trustee services for the plans.
The contracts of incumbent providers will expire later this year.
Empower Retirement currently serves as the plan’s record keeper.
The city is considering consolidating its two deferred compensations plans into a single one.
The city is seeking the services on behalf of its $8 million 457 deferred compensation plan.
City has issued an RFP seeking administration and investment services on behalf of its $121 million 457(b) plans.
The deferred compensation plan issued an RFP in August and previously rehired its incumbent in 2019.
The 457(b) and 401(a) plans are in the market for record keeping/administration, communication/education and custodial trustee services.