Administrator - Bundled
The current provider will see its contract expire at the end of this year.
The board is seeking plan administration and investment management services for its two retirement plans.
The program currently has four providers for the services.
The authority is seeking a comprehensive provider for its retirement plans.
The program is searching for administration, management and investment management services.
The selected firm will provide administration, record keeping, communication, education, investment management and custodial trustee services for the plans.
The contracts of incumbent providers will expire later this year.
Empower Retirement currently serves as the plan’s record keeper.
The city is considering consolidating its two deferred compensations plans into a single one.
The city is seeking the services on behalf of its $8 million 457 deferred compensation plan.