CONTRACTONGOING

Pension Plan Fees with Principal Group Discussed

Disclosed value: Approximately $375,000 (overall fee to the Town); From minutes
Document date: May 8, 2026

What it covers

The Town of New Milford Pension Committee received an explanation from Principal Group outlining that the overall fee for managing the Town’s pension plan is approximately $375,000, with prior revenue sharing structures removed in favor of a transparent line-item fee. The discussion reflects an ongoing investment management and advisory relationship rather than a new contract action.

Who holds it

Principal Group holds this financial services contract with Town of New Milford. Its other public contracts on record include work for Compass Charter School Of Yolo and Houston Fire Department.

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Contract details

Contract type: Financial Services
Amount: Approximately $375,000 (overall fee to the Town)
Document date: May 8, 2026
Vendor: Principal Group
Agency: Town of New Milford
Source document: Town of New Milford Pension Committee Regular Meeting Minutes 2026-05-08 (Minutes)

Principal Group's other public contracts

Compass Charter School Of Yolo, CaliforniaCompass Plans to Replace Principal Retirement Program · Sep 22, 2026 Houston Fire Department, TexasPrincipal Group Life Insurance Policy Terminated · Dec 16, 2025Undisclosed Town of New Milford, ConnecticutPrincipal Group outlines pension fee structure changes · Nov 20, 2025Undisclosed city OF ATLANTA, Dept. of Housing and Community Development, GeorgiaPrincipal Group handles Retirement Program · Jun 25, 2025$90K Housing Authority of the city of ATLANTA Georgia, GeorgiaPrincipal Group providing retirement programs · Jun 25, 2025$90K All Principal Group contractsVendor profile

More Town of New Milford contracts

Saxton, JulieHRC Hires Wild & Scenic Program Coordinator · Jul 23, 2026 OTISOtis Assists Library With Elevator Issues · Jul 15, 2026Undisclosed Matson FinancialLibrary Works With Matson Financial On Expansion Fund · Jul 15, 2026Undisclosed NPSProgram Manager Invoice Payment to NPS Approved · Jul 14, 2026$8.6K Andreotto, MarcSite Inspection Mileage Reimbursement to Andreotto · Jul 14, 2026$21.8 All Town of New Milford activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Town of New Milford?

Principal Group was awarded this financial services contract by Town of New Milford, as recorded on May 8, 2026. The contract value is Approximately $375,000 (overall fee to the Town).

How much is the Principal Group contract with Town of New Milford worth?

The Principal Group contract with Town of New Milford is valued at Approximately $375,000 (overall fee to the Town), 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 New Milford Pension Committee Regular Meeting Minutes 2026-05-08 (Minutes), dated May 8, 2026 from Town of New Milford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Principal Group hold?

Principal Group 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 New Milford currently buying?

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

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