FINANCIAL_SERVICESRECOMMENDED

Empower Proposed as District Retirement Recordkeeper

Bear Valley Water District staff recommend appointing Empower Retirement as the recordkeeper for its 457(b)/401(a) plans with baseline fees of 1.00% to 1.16% of plan assets. Empower would provide open-architecture investment access and administrative relief for the District.

Status
RECOMMENDED
Document date
June 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Empower Retirement
Agency
Bear Valley Water District · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Base recordkeeping fee range 1.00% to 1.16% of plan assets annually (before discounts)
Contract type
FINANCIAL_SERVICES
Contract term
Ongoing recordkeeping engagement starting FY 2026-27 (1–3 month transition window)
Renewal
Recordkeeping fees can be optimized via plan credits; arrangement is intended as ongoing and subject to periodic fee benchmarking and renegotiation.
Document type
AgendaPacket
Source document
Bear Valley Water District AgendaPacket Board Meeting 2026-06-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Bear Valley Water District?

Empower Retirement was awarded this financial services contract by Bear Valley Water District, as recorded on June 25, 2026. The contract value is Base recordkeeping fee range 1.00% to 1.16% of plan assets annually (before discounts).

How much is the Empower Retirement contract with Bear Valley Water District worth?

The Empower Retirement contract with Bear Valley Water District is valued at Base recordkeeping fee range 1.00% to 1.16% of plan assets annually (before discounts), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Bear Valley Water District AgendaPacket Board Meeting 2026-06-25 (AgendaPacket), dated June 25, 2026 from Bear Valley Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Empower Retirement hold?

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

View Empower Retirement's profile

What is Bear Valley Water District currently buying?

Explore Bear Valley Water District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Bear Valley Water District's profile

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