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City to amend 401(a) plan with Security Financial

City of St. Paul logoCity of St. Paul
Document date
May 11, 2022

The 30-second brief

What it covers

The City Council will consider Resolution 2022-4 to amend its 401(a) retirement plan with Security Financial to add hardship distribution provisions required under the Bipartisan Budget Bill of 2018.

Who holds it

Security Financial holds this financial services contract with City of St. Paul. Its other public contracts on record include work for Taylor village and City of Durand.

What happens next

Term as filed: Plan must be updated every six years per IRS requirements.

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Contract details

Contract type
Financial Services
Document date
May 11, 2022
Term
Plan must be updated every six years per IRS requirements
Vendor
Security Financial
Agency
City of St. Paul
Source document
town-of-bergman-special-city-council-agenda-sinking-funds-spdc-budget-may-11-2022_37f.md (Agenda)

Security Financial's other public contracts

Taylor village, WisconsinSecurity Financial Loan Option Recommended by Village · Apr 28, 2026$325KCity of Durand, WisconsinSecurity Financial Approved as City Depository · Apr 21, 2026UndisclosedMerrillan village, WisconsinSecurity Financial adds signers for accounts · Oct 9, 2025UndisclosedTown of Durand, IllinoisTown Approves 9-Month CD With Security Financial · Jul 8, 2025UndisclosedTown of Grant, WisconsinTown Moves to Close Safe Deposit Box · May 13, 2025UndisclosedAll Security Financial contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of St. Paul?

Security Financial was awarded this financial services contract by City of St. Paul, as recorded on May 11, 2022.

What type of contract is this?

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

Where was this contract approved?

This contract appears in town-of-bergman-special-city-council-agenda-sinking-funds-spdc-budget-may-11-2022_37f.md (Agenda), dated May 11, 2022 from City of St. Paul. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Security Financial hold?

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

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What is City of St. Paul currently buying?

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

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