Administrator/Record Keeper
The retirement system approved a new bundled provider/record keeper following diligence and presentations from three finalists.
The plans conducted an advisory services search earlier this year.
The city last conducted a similar search in 2018 that resulted in the hire of a new record keeper.
The district hired a new firm to provide record keeping and administration for its retirement plans this week.
The hire concludes a search launched in May due to the city’s procurement policy.
The search is due to the incumbent’s upcoming contract expiration.
The deferred compensation plan is seeking both record keeping and custodian services.
The system hired a single record keeper for its five defined contributions plans after launching an RFP process in the second quarter.
The county is looking to consolidate to a single record keeper for its 457 plan.
The selection firm will provide services such as administration, record keeping and investments.