Monroe County Water Authority AgendaPacket Regular Board Meeting 2026-06-11
Empower Retirement provides admin and investment services for MCWA plan
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Description
Empower Retirement, LLC continues to administer the Monroe County Water Authority’s Deferred Compensation Plan, providing recordkeeping and investment contract services, including a general account stable-value option, and reimbursing up to $10,000 of administrative expenses annually. The general account carried a 2.55% declared interest rate at year-end 2025.
Contract Details
Vendor
EMPOWER RETIREMENT LLC
Agency
Mcwa Kendall Water District, NY
Contract Type
FINANCIAL_SERVICES
Document Date
June 11, 2026
Renewal Info
Ongoing service agreement covering recordkeeping, administration, and a fully benefit-responsive investment contract; annual admin reimbursement cap of $10,000 is specified, but contract renewal dates are not.
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