Searches and Hires

Los Angeles 457 plan taps ICMA-RC as record keeper

Los Angeles City Pension Savings Plan hired ICMA-RC as record keeper and investment manager, said Daniel Powell, deferred compensation plan analyst, in an email.

The $67 million 457 plan issued an RFP in January due to the pending contract expiration of incumbent record keeper and investment manager Empower Retirement on Sept. 30. Empower rebid for the services.

The Pension Savings Plan serves part-time, temporary and seasonal city employees and 100% of its assets are managed in the plan's stable value fund, which the record keeper manages.