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Board Approves Wealthspire DROP Fee Reduction

City of Delray Beach logoCity of Delray Beach
Disclosed value
5.5 basis points on assets
From minutes
Document date
May 21, 2026

The 30-second brief

What it covers

The City of Delray Beach General Employees' Retirement Plan approved a fee reduction for Wealthspire's DROP plan investment consulting services from 12 basis points to 5.5 basis points. The new rate aligns Wealthspire's fees with those for the City's 457(b) and 401(a) plans.

Who holds it

WEALTHSPIRE holds this financial services contract with City of Delray Beach. Its other public contracts on record include work for Town Of Glastonbury Pension Plan and City of Edmond.

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Contract details

Contract type
Financial Services
Amount
5.5 basis points on assets
Document date
May 21, 2026
Vendor
WEALTHSPIRE
Agency
City of Delray Beach
Source document
City of Delray Beach General Employees' Retirement Plan Minutes 2026-05-21 (Minutes)

WEALTHSPIRE's other public contracts

Town Of Glastonbury Pension Plan, ConnecticutGlastonbury Reviews Wealthspire Investment Management Relationship · Oct 21, 2026UndisclosedCity of Edmond, OklahomaPension Board Discusses Fiducient Wealthspire Rebranding · Sep 15, 2026UndisclosedTulare County, CaliforniaCommittee Reviews Wealthspire Retirement Plan Reporting · Sep 14, 2026UndisclosedTown Of Guilford Police Retirement Fund, ConnecticutFiducient Name Change to Wealthspire Discussed · Aug 19, 2026UndisclosedTown of Newtown, ConnecticutPension Committee to Discuss Wealthspire Fiducient Merger · Jul 30, 2026UndisclosedAll WEALTHSPIRE contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Delray Beach?

WEALTHSPIRE was awarded this financial services contract by City of Delray Beach, as recorded on May 21, 2026. The contract value is 5.5 basis points on assets.

How much is the WEALTHSPIRE contract with City of Delray Beach worth?

The WEALTHSPIRE contract with City of Delray Beach is valued at 5.5 basis points on assets, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Delray Beach General Employees' Retirement Plan Minutes 2026-05-21 (Minutes), dated May 21, 2026 from City of Delray Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does WEALTHSPIRE hold?

WEALTHSPIRE 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 City of Delray Beach currently buying?

Explore City of Delray Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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