Administrator - Bundled
A California city is seeking pension and administrative services for a new section 115 trust.
The selected firm will serve for an initial two-year term.
The plan has issued an RFP seeking third-party administration services.
The city is also looking to establish a deferred compensation committee as part of the RFP process.
The plan awarded a contract to a brand new third-party administrative services provider.
The university system has issued an RFP seeking firms to provide lead record keeper, investment, administrative and participant services for its multi-billion retirement plans.
The plan is working with Benefit Financial Services Group and anticipates a selection in April.
The general investment consultant was last hired following a similar search process in 2016.
The plans selected a new third-party administrator after previously providing the services in-house.
The plan approved transitioning to a new program manager in the third quarter as its previous provider was acquired earlier this year.