Administrator/Record Keeper
The city is seeking a single firm for record keeping and administration services across its 457(b), 401(a) and retirement health savings plans.
The city is seeking the services for its defined contribution and deferred compensation plans with $877 million in total assets.
The incumbent submitted the sole proposal in response to an RFP issued in May.
A total of three firms were considered in the search.
The plan’s incumbent managers were first hired in 2018.
The county is looking to consolidate the services with one provider.
The city expects to select a firm on Oct. 21.
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.