Searches and Hires

Anaheim sticks with ICMA-RC as record keeper for 3 DC plans

Anaheim, Calif., rehired ICMA-RC as record keeper for three defined contribution plans, said Rasch Cousineau, senior consultant at Hyas Group, investment consultant for the plans, in an email.

The city issued an RFP in September because ICMA-RC's current contract expires June 30. Other finalists were Empower Retirement, Nationwide Financial and Prudential Financial.

The plans are a $275 million 457 plan, $5 million 3121 plan, and a 401(a) plan that has less than $1 million in assets. The record keeper would also provide services for a $57 million retiree health savings plan.

Hyas Group assisted with the search.