Township Considers MERS Retirement Plan Transition
Town of Oshtemo charterCity · Kalamazoo, MI- Disclosed value
- $120 annually per participant administrative expense; investment management expense of 0.01%-0.51%; weighted average fund cost of 0.06%
- From agendapacket
- Document date
- Nov 10, 2026
- Term
- Expected transition date January 1, 2027
- Renews
- Free account
The 30-second brief
Oshtemo Charter Township is considering moving its 401(a) and 457(b) retirement plans to MERS effective January 1, 2027. MERS would provide retirement-plan administration and fiduciary services under a proposed fee structure that includes $120 annually per participant plus investment expenses.
MERS holds this financial services contract with Town of Oshtemo charter. Its other public contracts on record include work for City of Springfield and City of Grand Haven.
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Contract details
- Contract type
- Financial Services
- Amount
- $120 annually per participant administrative expense; investment management expense of 0.01%-0.51%; weighted average fund cost of 0.06%
- Document date
- November 10, 2026
- Term
- Expected transition date January 1, 2027
- Renews
- On record
- Vendor
- MERS
- Agency
- Town of Oshtemo charter
- Source document
- Oshtemo Charter Township AgendaPacket Regular Meeting 2026-11-10 (AgendaPacket)
MERS's other public contracts
More Town of Oshtemo charter contracts
Questions about this contract
Who was awarded the financial services contract by Town of Oshtemo charter?
MERS was awarded this financial services contract by Town of Oshtemo charter, as recorded on November 10, 2026. The contract value is $120 annually per participant administrative expense; investment management expense of 0.01%-0.51%; weighted average fund cost of 0.06%.
How much is the MERS contract with Town of Oshtemo charter worth?
The MERS contract with Town of Oshtemo charter is valued at $120 annually per participant administrative expense; investment management expense of 0.01%-0.51%; weighted average fund cost of 0.06%, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Oshtemo Charter Township AgendaPacket Regular Meeting 2026-11-10 (AgendaPacket), dated November 10, 2026 from Town of Oshtemo charter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does MERS hold?
MERS 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 Oshtemo charter currently buying?
Explore Town of Oshtemo charter's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
