Administrator/Record Keeper
The plan received four proposals in response to its record keeper search.
The city is seeking plan administrators for its $11.1 million 457 and $2.7 million 401(a) plans.
The deferred compensation plan last conducted a search for the services in 2018.
The firm will provide pension administration and investment management services for the authority’s $5.2 million Money Purchase Pension Plan.
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.
The plan launched a search last year to consolidate to a single record keeper from its previous three.
The 457(b) and 401(a) plans are in the market for record keeping/administration, communication/education and custodial trustee services.