CONTRACTAPPROVED

Town of Elsmere Awards $171,550 Financial Services Contract to First State Trust (November 2025)

Disclosed value: $171,549.60; From minutes
Approved: Nov 12, 2025

What it covers

The Town of Elsmere Pension Committee approved transferring $171,549.60 from DELRIP to First State Trust to cover pension payments and asset-based and distribution fees from January 1, 2026 through June 30, 2026, including 4th Quarter 2025 charges. The motion to authorize and approve the payment passed unanimously.

Who holds it

First State Trust holds this financial services contract with Town of Elsmere. Its other public contracts on record include work for City of Palmetto.

What happens next

Term as filed: January 1, 2026 through June 30, 2026 (4th Quarter 2025 asset-based and disbursement fees plus 1st & 2nd Quarter 2026 asset-based fees, distribution of checks fees, distribution of cash, and pension payments).

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Contract details

Contract type: Financial Services
Amount: $171,549.60
Document date: November 12, 2025
Term: January 1, 2026 through June 30, 2026 (4th Quarter 2025 asset-based and disbursement fees plus 1st & 2nd Quarter 2026 asset-based fees, distribution of checks fees, distribution of cash, and pension payments)
Vendor: First State Trust
Agency: Town of Elsmere
Source document: Town of Elsmere Pension Committee Minutes 2025-11-12 (Minutes)

First State Trust's other public contracts

Town of Elsmere, DelawareElsmere Committee Considers Pension Fund Transfer · Sep 9, 2026Undisclosed City of Palmetto, FloridaPension Board Ratifies First State Trust Invoices · May 18, 2026Undisclosed City of Palmetto, FloridaBoard Ratifies Trustee and Recordkeeping Fees to First State Trust · May 18, 2026 Town of Elsmere, DelawareTown Completes 2025 Pension Contributions to First State Trust · Jan 8, 2026 Town of Elsmere, DelawareElsmere Pension Panel To Authorize First State Trust Fees · Nov 12, 2025Undisclosed All First State Trust contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Town of Elsmere?

First State Trust was awarded this financial services contract by Town of Elsmere, as recorded on November 12, 2025. The contract value is $171,549.60.

How much is the First State Trust contract with Town of Elsmere worth?

The First State Trust contract with Town of Elsmere is valued at $171,549.60, 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 Town of Elsmere Pension Committee Minutes 2025-11-12 (Minutes), dated November 12, 2025 from Town of Elsmere. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does First State Trust hold?

First State Trust 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 Elsmere currently buying?

Explore Town of Elsmere's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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