CONTRACTAPPROVED

PORT FREEPORT Awards Financial Services Contract to Empower Retirement (November 2024)

PORT FREEPORT logoPORT FREEPORT
Disclosed value
6.0% of Plan eligible wages for plan year ending December 31, 2024
From agenda
Approved
Nov 5, 2024

The 30-second brief

What it covers

The Port Commission of Port Freeport adopted a resolution on November 21, 2024 authorizing a contribution equal to 6 percent of Plan-eligible wages to the Port Freeport Retirement Plan administered under a Group Annuity Contract with Empower Retirement. The contribution applies to the plan year ending December 31, 2024.

Who holds it

Empower Retirement holds this financial services contract with PORT FREEPORT. Its other public contracts on record include work for Housing Authority of the county of Monterey and Peninsula Corridor Joint Powers Board.

What happens next

Term as filed: Contract No. 743378-02 effective January 1, 2001; contribution authorized for plan year ending December 31, 2024.

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Contract details

Contract type
Financial Services
Amount
6.0% of Plan eligible wages for plan year ending December 31, 2024
Document date
November 5, 2024
Term
Contract No. 743378-02 effective January 1, 2001; contribution authorized for plan year ending December 31, 2024
Source document
port_freeport_personnel_committee_special_meeting.pdf (Agenda)

Empower Retirement's other public contracts

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Questions about this contract

Who was awarded the financial services contract by PORT FREEPORT?

Empower Retirement was awarded this financial services contract by PORT FREEPORT, as recorded on November 5, 2024. The contract value is 6.0% of Plan eligible wages for plan year ending December 31, 2024.

How much is the Empower Retirement contract with PORT FREEPORT worth?

The Empower Retirement contract with PORT FREEPORT is valued at 6.0% of Plan eligible wages for plan year ending December 31, 2024, covering financial services work.

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 port_freeport_personnel_committee_special_meeting.pdf (Agenda), dated November 5, 2024 from PORT FREEPORT. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Empower Retirement hold?

Empower 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 PORT FREEPORT currently buying?

Explore PORT FREEPORT's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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