Administrator/Record Keeper
The administrator will be responsible for two deferred compensation plans with more than $420 million in assets.
The township is seeking record keeping, investment management and education services on behalf of its deferred compensation plans.
The city has issued RFPs seeking investment advisory and record keeping services for its $57.6 million 457 plan.
The city is seeking bundled services on behalf of its $305.9 million deferred compensation and $2.1 million defined contribution plans.
The plans currently work with Corebridge Financial.
The deferred compensation plan has concluded its record keeper search launched in August.
The plan will also receive a domestic large-cap growth equity manager search report next week.
The city is seeking to consolidate to a single bundled services provider from its current four.
The plans are looking to consolidate retirement services to a single firm.