Overland Park (Kan.) Municipal Employees Pension Plan hired ICMA Retirement Corp. as third-party administrator for its $46 million 401(a) plan, according to recently released meeting minutes.
The fund previously handled record keeping in-house. ICMA was chosen over finalists Marshall & Ilsley, Milliman and Charles Schwab.
Alliance Benefit Group, the funds investment consultant, assisted. Mike Russo, fund manager, did not return a call seeking more information.