Administrator/Record Keeper
City is seeking a consultant to oversee its roughly $21 million deferred compensation plan.
The plan has issued an RFP seeking the services for its $103.5 million 457(b) plan.
The plans terminated an international value equity manager, which had been on watch, and hired a record keeper and custodian last week.
AIG Retirement Services currently serves as the plan’s record keeper.
Plan is seeking a firm to provide record keeping, plan administration and participant services.
The current record keeper’s contract is set to expire next summer.
The board introduced new investment options, including replacing age-based portfolios with target enrollment year portfolios.
Firm will provide marketing and enrollment services, administrative services and recordkeeping services.
The plan will look to hire a new record keeper following a search process that had its incumbent as a finalist.