CONTRACTAPPROVED

Town of Surfside Awards Third-Party Administrator Contract to Foster & Foster Consulting Actuaries Inc (July 2024)

Town of Surfside logoTown of Surfside
Disclosed value
$40,000/year for Retirement Plan, $20,000/year for Chapter 185 Share Plan
From minutes
Approved
Jul 1, 2024
Term
2 years

The 30-second brief

What it covers

Town of Surfside Pension Board approves hiring Foster & Foster as the Plan's new Third-Party Administrator. The contract includes administrative services for the Retirement Plan and the Chapter 185 Share Plan, with rates locked in for two years.

Who holds it

Foster & Foster Consulting Actuaries Inc holds this third-party administrator contract with Town of Surfside. Its other public contracts on record include work for Town of Los Gatos and Trabuco Canyon Water District.

What happens next

Term as filed: 2 years.

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Contract details

Contract type
Third-Party Administrator
Amount
$40,000/year for Retirement Plan, $20,000/year for Chapter 185 Share Plan
Document date
July 1, 2024
Term
2 years
Vendor
Foster & Foster Consulting Actuaries Inc
Source document
town-of-surfside-pension-board-meeting-minutes-july-1-2024_d75.pdf (Minutes)

Foster & Foster Consulting Actuaries Inc's other public contracts

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Questions about this contract

Who was awarded the third-party administrator contract by Town of Surfside?

Foster & Foster Consulting Actuaries Inc was awarded this third-party administrator contract by Town of Surfside, as recorded on July 1, 2024. The contract value is $40,000/year for Retirement Plan, $20,000/year for Chapter 185 Share Plan.

How much is the Foster & Foster Consulting Actuaries Inc contract with Town of Surfside worth?

The Foster & Foster Consulting Actuaries Inc contract with Town of Surfside is valued at $40,000/year for Retirement Plan, $20,000/year for Chapter 185 Share Plan, covering third-party administrator work.

What type of contract is this?

This is a Third-Party Administrator contract, documented as a minutes record.

Where was this contract approved?

This contract appears in town-of-surfside-pension-board-meeting-minutes-july-1-2024_d75.pdf (Minutes), dated July 1, 2024 from Town of Surfside. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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