Chester Board Recommends Town Cover Wells Thomas Fees
Town of ChesterCity · Chester, CT- Disclosed value
- $1,000 one-time fee for plan document preparation; approximately $1,500 ongoing base annual fee, net of participant contributions; $4 per employee, approximately $200
- From minutes
- Document date
- Aug 3, 2026
The 30-second brief
The Chester Retirement Board recommended that the Town assume Wells Thomas's 457-plan administration costs. The fees include a $1,000 one-time plan-document charge, an approximately $1,500 annual base fee, and about $200 in per-employee charges.
Wells Thomas holds this financial services contract with Town of Chester. Its other public contracts on record include work for Nyc Charter Hs - Aeci.
Term as filed: Ongoing annual fee; one-time plan document preparation charge.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,000 one-time fee for plan document preparation; approximately $1,500 ongoing base annual fee, net of participant contributions; $4 per employee, approximately $200
- Document date
- August 3, 2026
- Term
- Ongoing annual fee; one-time plan document preparation charge
- Vendor
- Wells Thomas
- Agency
- Town of Chester
- Source document
- Chester Retirement Board Minutes August 3, 2026 (Minutes)
Wells Thomas's other public contracts
More Town of Chester contracts
Questions about this contract
Who was awarded the financial services contract by Town of Chester?
Wells Thomas was awarded this financial services contract by Town of Chester, as recorded on August 3, 2026. The contract value is $1,000 one-time fee for plan document preparation; approximately $1,500 ongoing base annual fee, net of participant contributions; $4 per employee, approximately $200.
How much is the Wells Thomas contract with Town of Chester worth?
The Wells Thomas contract with Town of Chester is valued at $1,000 one-time fee for plan document preparation; approximately $1,500 ongoing base annual fee, net of participant contributions; $4 per employee, approximately $200, 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 Chester Retirement Board Minutes August 3, 2026 (Minutes), dated August 3, 2026 from Town of Chester. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Wells Thomas hold?
Wells Thomas 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 Town of Chester currently buying?
Explore Town of Chester's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.