FINANCIAL_SERVICESONGOING

Principal Provides Custodial Platform for Town Plans

Principal provides custodial and related administrative services for the Town of Monroe’s retirement assets, with a fee structure that includes a 0.03% asset charge on the first $50 million, a $10,000 annual minimum, per-transaction charges, and a $500 account-based fee. These costs form the base expense layer for the Town’s pension and related plans.

Status
ONGOING
Document date
July 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
PRINCIPAL
Agency
Town of Monroe · CT

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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 amount
$10,000 minimum annual fee; $10 per transaction; $2 plus postage per periodic distribution; 0.03% on first $50MM; annual account based fee of $500
Contract type
FINANCIAL_SERVICES
Renewal
Fee schedule shown as current as of December 31, 2025. No explicit term, renewal options, or expiration date are stated in the document.
Document type
Agenda
Source document
Town of Monroe Pension Committee and OPEB Board of Trustees Agenda 2026-07-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Monroe?

PRINCIPAL was awarded this financial services contract by Town of Monroe, as recorded on July 23, 2026. The contract value is $10,000 minimum annual fee; $10 per transaction; $2 plus postage per periodic distribution; 0.03% on first $50MM; annual account based fee of $500.

How much is the PRINCIPAL contract with Town of Monroe worth?

The PRINCIPAL contract with Town of Monroe is valued at $10,000 minimum annual fee; $10 per transaction; $2 plus postage per periodic distribution; 0.03% on first $50MM; annual account based fee of $500, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Monroe Pension Committee and OPEB Board of Trustees Agenda 2026-07-23 (Agenda), dated July 23, 2026 from Town of Monroe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PRINCIPAL hold?

PRINCIPAL 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 PRINCIPAL's profile

What is Town of Monroe currently buying?

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

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