Administrator/Record Keeper
The county is seeking the services on behalf of its $9.9 million 457(b) and $414,000 401(a) plan.
City rehired the firm providing record keeping and administration services for its 457 and 401a plans this week.
The plan currently utilizes three providers and is looking to hire a single provider.
The city is seeking a single firm for record keeping and administration services across its 457(b), 401(a) and retirement health savings plans.
The city is seeking the services for its defined contribution and deferred compensation plans with $877 million in total assets.
The incumbent submitted the sole proposal in response to an RFP issued in May.
A total of three firms were considered in the search.
The plan’s incumbent managers were first hired in 2018.
The county is looking to consolidate the services with one provider.
The city expects to select a firm on Oct. 21.