Administrator/Record Keeper
A Midwestern authority is seeking plan administration services for its deferred compensation plans.
The plan last retained its general investment consultant in 2017 and has worked with its incumbent record keeper for 10 years.
The hire wraps up a search launched earlier this year seeking a firm to provide administrative services, plan implementation, technical services and the investment vehicle for the plans.
County is seeking a third-party administrator on behalf of its $78.6 million deferred compensation plan.
The plan is conducting the search due to the upcoming contract expiration of its incumbent.
The plans concluded a search launched last year in anticipation of four contract expirations.
Retirement plans are increasingly testing the waters for new investment advisors and record keepers.
Search is for a firm to provide record keeping, plan compliance support and administration, among other responsibilities.
