USD 447 amends 403(b) services with MassMutual
Cherryvale Unified School District 447School · Cherryvale, KS- Disclosed value
- 60 basis points on first $100,000; 50 basis points on next $150,000; 40 basis points above $250,000 (participant fee, including 0.12% Next Capital advisory portion)
- From contract
- Document date
- Apr 13, 2020
The 30-second brief
USD 447 Cherryvale amended its Administrative Services Agreement with Massachusetts Mutual Life Insurance Company for the 403(b) plan to transition from the Managed Path service to Manage My Retirement effective on or about July 1, 2020. MassMutual will continue to provide recordkeeping and administrative services, deducting tiered participant fees and remitting the advisory portion to Next Capital.
Massachusetts Mutual Life Insurance Company holds this financial services contract with Cherryvale Unified School District 447. Its other public contracts on record include work for West Point Public Schools and Missouri State Environmental Improvement and Energy Resources Authority | State of Missouri.
Term as filed: Effective on or about July 1, 2020; ongoing administrative and recordkeeping services under 403(b) plan.
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Contract details
- Contract type
- Financial Services
- Amount
- 60 basis points on first $100,000; 50 basis points on next $150,000; 40 basis points above $250,000 (participant fee, including 0.12% Next Capital advisory portion)
- Document date
- April 13, 2020
- Term
- Effective on or about July 1, 2020; ongoing administrative and recordkeeping services under 403(b) plan
- Source document
- cherryvale-unified-school-district-447contract2020-04-13_ab0.pdf (Contract)
Massachusetts Mutual Life Insurance Company's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Cherryvale Unified School District 447?
Massachusetts Mutual Life Insurance Company was awarded this financial services contract by Cherryvale Unified School District 447, as recorded on April 13, 2020. The contract value is 60 basis points on first $100,000; 50 basis points on next $150,000; 40 basis points above $250,000 (participant fee, including 0.12% Next Capital advisory portion).
How much is the Massachusetts Mutual Life Insurance Company contract with Cherryvale Unified School District 447 worth?
The Massachusetts Mutual Life Insurance Company contract with Cherryvale Unified School District 447 is valued at 60 basis points on first $100,000; 50 basis points on next $150,000; 40 basis points above $250,000 (participant fee, including 0.12% Next Capital advisory portion), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a contract record.
Where was this contract approved?
This contract appears in cherryvale-unified-school-district-447contract2020-04-13_ab0.pdf (Contract), dated April 13, 2020 from Cherryvale Unified School District 447. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Massachusetts Mutual Life Insurance Company hold?
Massachusetts Mutual Life Insurance Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Cherryvale Unified School District 447 currently buying?
Explore Cherryvale Unified School District 447's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.