City of Newport Beach City Council Agenda 2026-05-26
City extends MissionSquare retirement health savings agreement
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Description
Newport Beach will execute Amendment No. One with International City Management Association Retirement Corporation dba MissionSquare Retirement to extend retirement health savings plan recordkeeping and administration services through April 2027. The amendment also reduces annual administrative fees from 0.135% to 0.129% while keeping all other terms unchanged.
Contract Details
Vendor
INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION DBA MISSIONSQUARE RETIREMENT
Agency
City of Newport Beach, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
One-year extension through April 2027
Renewal Date
2027-04-30
Renewal Info
Amendment No. One extends Professional Services Agreement C-7279-2 by one year through April 2027 and lowers the administrative fee rate; future renewal options are not specified.
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