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Wellesley Selects EMPOWER for Deferred Compensation

Town of Wellesley logoTown of Wellesley
Document date
Nov 11, 2026

The 30-second brief

What it covers

Wellesley transitioned its 401(b) deferred compensation plan to EMPOWER in the third quarter of FY2025 through the Commonwealth-managed SMART Plan. The change was intended to reduce fees and improve participant services.

Who holds it

EMPOWER holds this financial services contract with Town of Wellesley. Its other public contracts on record include work for Foothills Park And Recreation District and Town of Middleton.

What happens next

Term as filed: Beginning in the third quarter of FY2025; ongoing.

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Contract details

Contract type
Financial Services
Document date
November 11, 2026
Term
Beginning in the third quarter of FY2025; ongoing
Vendor
EMPOWER
Agency
Town of Wellesley
Source document
Town of Wellesley Budget FY2027 Budget Request 2026-11-11 (Budget)

EMPOWER's other public contracts

Foothills Park And Recreation District, ColoradoDistrict Continues 401(k) Review With Empower · Nov 8, 2026UndisclosedTown of Middleton, WisconsinMiddleton Pays Empower Financial Services Charge · Nov 8, 2026$125.3United Twp HSD 30, IllinoisDistrict Recommends Empower 403(b) Plan Amendments · Nov 7, 2026New Castle County, DelawareCommittee to Review Empower 457(B) Plan Overview · Nov 7, 2026UndisclosedTownship of Scotch Plains, New JerseyScotch Plains Terminates Empower Deferred Compensation Agreement · Nov 7, 2026UndisclosedAll EMPOWER contractsVendor profile

More Town of Wellesley contracts

Metropolitan Area Planning Council (Mapc)Wellesley Uses MAPC Assistance for Arts Strategy · Nov 11, 2026UndisclosedOTTER.AIWellesley Continues Otter.ai Transcription Subscription · Nov 11, 2026National GridWellesley Works With National Grid on Gas Leaks · Nov 11, 2026UndisclosedZOOMWellesley Continues Zoom Virtual Meeting Services · Nov 11, 2026VERIZONWellesley Plans Verizon One Talk Phone Upgrade · Nov 11, 2026All Town of Wellesley activityAgency profile

Questions about this contract

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

EMPOWER was awarded this financial services contract by Town of Wellesley, as recorded on November 11, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in Town of Wellesley Budget FY2027 Budget Request 2026-11-11 (Budget), dated November 11, 2026 from Town of Wellesley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does EMPOWER hold?

EMPOWER may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Wellesley currently buying?

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

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