FINANCIAL_SERVICESDISCUSSED

Town Plans Transition from TRPC as 457 Provider

Herndon staff outlined a proposal to transition the Town’s long-standing 457(b) Deferred Compensation Plan away from The Retirement Plan Company. The move would shift recordkeeping and administration to the Virginia Retirement System’s COV 457 program to improve service and reduce costs.

Status
DISCUSSED
Document date
July 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Retirement Plan Company
Agency
Town of Herndon town · VA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Ongoing since early 2000s, serving 217 participants with ~$17 million in assets; planned termination and replacement with VRS COV 457
Renewal
Existing relationship appears open-ended; staff intend to terminate in favor of VRS COV 457 upon Council approval.
Document type
AgendaPacket
Source document
Town of Herndon Regular Meeting Agenda Packet 2026-07-28

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Herndon town?

Retirement Plan Company was awarded this financial services contract by Town of Herndon town, as recorded on July 27, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Herndon Regular Meeting Agenda Packet 2026-07-28 (AgendaPacket), dated July 27, 2026 from Town of Herndon town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Retirement Plan Company hold?

Retirement Plan Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Retirement Plan Company's profile

What is Town of Herndon town currently buying?

Explore Town of Herndon town's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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