Deferred Compensation
The defined benefit plans approved a contract with a new consultant after launching an RFP for the services last year.
The county 457 plan is on the lookout for third-party administrative services.
Blackstone will bring additional global scale and alternative asset leadership to Empower’s retirement plan private markets program.
The plans previously worked with Corebridge Financial.
The plans conducted a similar search for the services in 2020.
The city is seeking a firm to review its deferred compensation plans among other responsibilities.
The city anticipates hearing finalist presentations in late spring 2026.
The state launched a similar search for services late last year.
The deferred compensation plan had issued an RFP for the services this summer.
The city hired incumbent Fiduciary Consulting Group following a similar RFP process in 2019.