Township of Randolph AgendaPacket 2026-06-25
Randolph selects Empower for employee deferred compensation plan
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Description
Randolph Township Council approved an agreement with Empower to provide administration of the Township’s Section 457 deferred compensation plan for employees. Empower will consolidate existing plans, maintain participant records, provide investment advice, and reduce plan fees through a mutual fund platform.
Contract Details
Vendor
EMPOWER
Agency
Township of Randolph, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Renewal Info
Service agreement identified as 21-SA-Empower-110121 approved by NJ Division of Local Government Services; specific initial term and renewal options not stated in resolution.
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