City retirement assets milestone, ICMA-RC plan revision
City of GreenbeltCity · Greenbelt, MD- Disclosed value
- $51 million
- From agenda
- Document date
- Dec 10, 2018
- Term
- 5 years
The 30-second brief
Total assets in the City of Greenbelt's employee retirement accounts reached a milestone ($51 million), allowing ICMA-RC to move these assets to a new share class resulting in lower fees to participants. The savings to participants will be approximately $69,000/year or $230/year per participant. In addition, ICMA-RC offers a brokerage service called VantageBroker. This program would allow employees to invest in a broader array of mutual funds.
Icma Retirement holds this retirement plan contract with City of Greenbelt. Its other public contracts on record include work for Pierce County Public Transportation Benefit Area Authority and Fort Vancouver Regional Library District.
Term as filed: 5 years.
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Contract details
- Contract type
- Retirement Plan
- Amount
- $51 million
- Document date
- December 10, 2018
- Term
- 5 years
- Vendor
- Icma Retirement
- Agency
- City of Greenbelt
- Source document
- city-of-greenbelt-agenda-2018-12-10_12a.pdf (Agenda)
Icma Retirement's other public contracts
More City of Greenbelt contracts
Questions about this contract
Who was awarded the retirement plan contract by City of Greenbelt?
Icma Retirement was awarded this retirement plan contract by City of Greenbelt, as recorded on December 10, 2018. The contract value is $51 million.
How much is the Icma Retirement contract with City of Greenbelt worth?
The Icma Retirement contract with City of Greenbelt is valued at $51 million, covering retirement plan work.
What type of contract is this?
This is a Retirement Plan contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-greenbelt-agenda-2018-12-10_12a.pdf (Agenda), dated December 10, 2018 from City of Greenbelt. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Icma Retirement hold?
Icma 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.
What is City of Greenbelt currently buying?
Explore City of Greenbelt's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.