City of Summit Common Council Meeting Agenda Packet May 5, 2026
City Corrects Deferred Compensation Plan Service Agreement
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Description
The City of Summit approved a corrected Service Agreement with Empower Retirement LLC to administer its existing deferred compensation plan for employees. The Chief Financial Officer was designated Local Plan Administrator and authorized to submit all required documentation to the state for approval.
Contract Details
Vendor
EMPOWER RETIREMENT LLC
Agency
City of Summit, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 5, 2026
Renewal Info
Resolution notes the plan and service agreement remain in effect under new service agreement identifiers; no specific renewal dates or options provided.
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