City of Portland City Council Minutes March 2026
City Approves Employee 457 Plan with Equitable Advisors
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Description
The City Council approved a 457(b) Retirement Plan for employees to be administered by Equitable Advisors. The plan carries no cost to the city; participating employees will pay an estimated 1.1% administrative fee. Service will be provided through payroll deduction.
Contract Details
Contract Amount
1.1% per participating employee
Vendor
EQUITABLE ADVISORS
Agency
City of Portland, IN
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Renewal Info
Initial engagement with no specified renewal terms; subject to plan continuation.
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