Administrator/Record Keeper
The plan is looking to review other options after working with its incumbent for many years.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The investment manager for four 529 plans has teamed up with another firm to provide record keeping and other services for the college savings programs.
The city is looking to consolidate its current two vendor model.
The city has issued an RFP seeking record keeping, administrative and compliance services for its plans.
The plan is looking to invest $10 million each with private equity and opportunistic fixed-income managers.
The search stems from the upcoming Jan. 31 contract expiration of incumbent Empower Retirement.
The plans’ current provider will see its contract expire at the end of the year.
The city expects to generate a shortlist of candidates to conduct interviews with on July 29.
The plans launched a search in February due to the contract expiration of their incumbent.