Administrator/Record Keeper
The tribal nation is looking to hire an administrator and record keeper for its retirement plan as part of a due diligence review of its existing plan services.
A 529 plan based in New England has selected program and investment managers after a search.
The search is being conducted in anticipation of the Dec. 31 contract expiration of incumbent Nationwide Retirement Solutions.
The secure choice savings program was created in 2021.
The plan’s investment subcommittee will consider domestic mid-cap value and emerging markets equity replacement options at an upcoming meeting.
The selected firm will also provide services for the city’s approximately $137.9 million 401(a) and $23.5 million Retirement Health Savings Plans.
The administrator would be responsible for a deferred compensation plan and a health savings plan.
The authority is seeking plan bundled services on behalf of its 457(b) deferred compensation plan.
The university is searching for record keepers for its five defined contributions plans as it periodically reviews the programs and is considering consolidating to a single provider.
The consultant will assist in conducting a record keeper search for the plan this year.