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 town has issued an RFP seeking bundled provider services for its multiple plans.
System initially hired Callan as general investment consultant for its defined contribution plans in December 2020 and last renewed its record keeping contract earlier that year.
Search is for a firm to provide record keeping, plan compliance support and administration, among other responsibilities.
Lincoln Financial Group ranked above incumbent Nationwide Retirement Solutions following finalist interviews.
The plans have hired Empower Retirement as their new third-party administrator.
City prefers to remain with a single provider for its defined contribution plans.
Vestwell will help finalize the program’s design.
Board is searching for a firm to provide investments, education and administrative services for its retirement savings programs.