Administrator - Bundled
The city worked with its previously provider for 32 years.
The treasurer’s office made selections in its investment consultant and investment custodian searches in the third quarter.
The plan last conducted a search for the services in 2019.
The plans currently utilize MissionSquare Retirement.
The county deferred compensation plan conducted a similar search for the services in 2017.
The selected firm will provide services for the deferred compensation plan as well as a 401(a) plan.
The plan is seeking a firm to provide retirement plan administration, record keeping, technology, compliance, employee education and investment platform services.
The deferred compensation plan is looking to consolidate its record keeping and administrative services with a single provider.
Empower Retirement currently provides record keeping, trust and custody services for the deferred compensation plan.
The plan issued an RFP earlier this year due to the incumbent’s upcoming contract expiration.