Administrator - Bundled
The deferred compensation plan elected to remain with its incumbent record keeping and administration provider this week.
The selected firm will serve an initial one-year term beginning on Jan. 1.
The pool is seeking a firm to provide services related to investment advisory, administrative and investment management, member, custodial and auditing.
The city received seven proposals in response to an RFP issued in June.
The district is seeking investment services for its 401(a) and 457(b) plans, which have a combined $7.7 million in assets.
The selected advisor will provide non-discretionary management of plan investments.
The current provider will see its contract expire next year.
The city worked with its previously provider for 32 years.
The treasurer’s office made selections in its investment consultant and investment custodian searches in the third quarter.
The plan last conducted a search for the services in 2019.