PROFESSIONAL_SERVICESDISCUSSED

Ocala General Employees' Retirement Fund Board of Trustees Agenda 2026-06-29

HYN Consulting Presents Ocala Pension Admin Proposal

$4,400/month standard rate for General Employees plan (with possible 5% or 10% discount if combined with other plans); additional services at $260/hour and travel at $130/hourOcala Housing AuthorityHYN CONSULTINGJune 26, 2026

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Description

The Board is interviewing HYN Consulting for administrative services for the City of Ocala General Employees’ Retirement System under a two‑year guaranteed retainer, with bundled discounts if police and fire plans also engage the firm. The proposal includes comprehensive plan administration, member services, and compliance support, with defined hourly rates for special projects and scheduled fee escalations beginning in the third year.

Contract Details

Contract Amount

$4,400/month standard rate for General Employees plan (with possible 5% or 10% discount if combined with other plans); additional services at $260/hour and travel at $130/hour

Vendor

HYN CONSULTING

Agency

Ocala Housing Authority, FL

Contract Type

PROFESSIONAL_SERVICES

Document Date

June 26, 2026

Contract Term

Two (2) years guaranteed for retainer services with four quarterly Board meetings per year; 4% annual increase starting in year three and each year thereafter

Renewal Info

Initial agreement term guaranteed for two years; starting in the third year, the annual retainer automatically increases 4% each year. Combined service discounts apply if two or three Ocala plans are administered concurrently.