Administrator - Bundled
The district is seeking investment services for its 401(a) and 457(b) plans, which have a combined $7.7 million in assets.
The selected advisor will provide non-discretionary management of plan investments.
The current provider will see its contract expire next year.
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.