FINANCIAL_SERVICESONGOING

District Reviews High-Cost Mission Square Retirement Setup

Bear Valley Water District currently uses Mission Square Retirement as recordkeeper for its 401(a) and 457(b) plans, paying a 0.55% asset-based fee while plan participants incur about 1.20% in average fund expenses. An ad hoc committee has determined the structure is costly and is exploring replacement options.

Status
ONGOING
Document date
June 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Mission Square Retirement
Agency
Bear Valley Water District · CA

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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
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
0.55% of plan assets annually in recordkeeping fees plus average 1.20% investment fund expenses
Contract type
FINANCIAL_SERVICES
Renewal
No specific end date or renewal clause is cited; Board intent is to transition to a new recordkeeper via RFP and terminate or replace this relationship.
Document type
AgendaPacket
Source document
Bear Valley Water District Agenda Packet 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?

Mission Square Retirement was awarded this financial services contract by Bear Valley Water District, as recorded on June 25, 2026. The contract value is 0.55% of plan assets annually in recordkeeping fees plus average 1.20% investment fund expenses.

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

The Mission Square Retirement contract with Bear Valley Water District is valued at 0.55% of plan assets annually in recordkeeping fees plus average 1.20% investment fund expenses, 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 Agenda Packet 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 Mission Square Retirement hold?

Mission Square 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 Mission Square 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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