FINANCIAL_SERVICESAPPROVED

City of Sterling Heights Awards Financial Services Contract to ALLSPRING (May 2026)

The board approved payment of a $5,832.65 quarterly management fee to Allspring for overseeing $10.19 million in fixed income assets as of April 30, 2026. This payment was included in the $107,303.60 fund asset disbursement.

Status
APPROVED
Document date
May 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
ALLSPRING
Agency
City of Sterling Heights · MI

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$10,187,456 assets under management; quarterly mgr fees: $5,832.65; Q1 invoice on file
Contract type
FINANCIAL_SERVICES
Contract term
As of April 30, 2026 (assets); Q1 2026 (fees)
Document type
Minutes
Source document
Sterling Heights General Employees' Retirement System Minutes 2026-05-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sterling Heights?

ALLSPRING was awarded this financial services contract by City of Sterling Heights, as recorded on May 21, 2026. The contract value is $10,187,456 assets under management; quarterly mgr fees: $5,832.65; Q1 invoice on file.

How much is the ALLSPRING contract with City of Sterling Heights worth?

The ALLSPRING contract with City of Sterling Heights is valued at $10,187,456 assets under management; quarterly mgr fees: $5,832.65; Q1 invoice on file, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Sterling Heights General Employees' Retirement System Minutes 2026-05-21 (Minutes), dated May 21, 2026 from City of Sterling Heights. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does ALLSPRING hold?

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

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What is City of Sterling Heights currently buying?

Explore City of Sterling Heights's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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