City of Sarasota (Fla.) Employees’ Retirement Funds is searching for a custodian for its Firefighters Retirement Fund and General Employees plans. Because custodian Wachovia is closing that line of business, the funds have begun contacting possible replacements, said Hector Ruiz, pension manager. The search is being conducted in-house.
According to the Money Market Directory, the firefighters’ plan has $97 million in assets and the general employees’ plan has $79 million.
