Portland's Metro taps ICMA-RC as third-party administrator for DC plans

Metro, Portland, Ore., hired ICMA-RC as third-party administrator for its 401(k) and 457(b) plans, confirmed Sharon Stiffler, procurement analyst.

ICMA-RC replaces Vanguard and will provide administration, record-keeping, education, participant investment advice and investment management services for the $48 million 401(k) Employee Salary Savings Plan and $5 million 457 Employees Salary Savings Plan.

Consultant Hyas Group assisted.