CONTRACTONGOING

Federated Hermes Manages Pension Cash Equivalents

Disclosed value: $757,784 balance; From minutes
Document date: Oct 16, 2025
Term: As of September 30, 2025

What it covers

Federated Hermes manages $757,784 in cash or cash-equivalent assets for the retirement system as of September 30, 2025. This allocation supports the plan’s short-term liquidity needs.

Who holds it

Federated Hermes holds this financial services contract with City of Sterling Heights. Its other public contracts on record include work for West Virginia Board of Treasury Investments | State of West Virginia and City of Cheyenne.

What happens next

Term as filed: As of September 30, 2025.

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Contract details

Contract type: Financial Services
Amount: $757,784 balance
Document date: October 16, 2025
Term: As of September 30, 2025
Vendor: Federated Hermes
Agency: City of Sterling Heights
Source document: sterling_heights_general_employees_retirement_syst.pdf (Minutes)

Federated Hermes's other public contracts

West Virginia Board of Treasury Investments | State of West Virginia, West VirginiaDue Diligence Review Set for Federated Hermes · Oct 17, 2026Undisclosed City of Cheyenne, WyomingFederated Hermes Advises Cheyenne on Investment Policy · Oct 10, 2026Undisclosed City of Cheyenne, WyomingCheyenne Identifies Federated Hermes as Investment Advisor · Oct 10, 2026Undisclosed West Virginia Board of Treasury Investments | State of West Virginia, West VirginiaFederated Hermes Advises West Virginia Money Market Pool · Sep 30, 2026Undisclosed Coppell Independent School District, TexasCoppell ISD Approves Federated Hermes Investment Contact · Sep 28, 2026Undisclosed All Federated Hermes contractsVendor profile

More City of Sterling Heights contracts

Vmt LawVMT Law Continues as Retirement System Legal Counsel · Oct 15, 2026Undisclosed Fifth Third BankRetirement System Reviews Fifth Third Assets Statement · Oct 14, 2026Undisclosed Fifth Third BankRetirement System Reviews Fifth Third Benefit Register · Oct 14, 2026Undisclosed Morgan StanleyRetirement System Reviews Morgan Stanley Assets Statement · Oct 14, 2026Undisclosed Approval of the MinutesBoard Approves Prior Meeting Minutes · Sep 15, 2026Undisclosed All City of Sterling Heights activityAgency profile

Questions about this contract

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

Federated Hermes was awarded this financial services contract by City of Sterling Heights, as recorded on October 16, 2025. The contract value is $757,784 balance.

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

The Federated Hermes contract with City of Sterling Heights is valued at $757,784 balance, 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_syst.pdf (Minutes), dated October 16, 2025 from City of Sterling Heights. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Federated Hermes hold?

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

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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