Henderson, Nev., hired Empower Retirement as sole record keeper for the city's $130 million 457 plan and $3 million 401(a) plan, said Luke Fritz, senior purchasing specialist, in an email.
The city issued an RFP in August for "qualified firms to provide retirement plan administration, record keeping, education and communications" for the plans, according to the RFP.
The incumbent 457 plan record keepers are ICMA-RC, Nationwide Financial and Voya Financial. Voya is the sole record keeper for the 401(a) plan. Mr. Fritz did not provide information whether the firms rebid for the services.
The City Council approved the purchasing department's recommendation at its Dec. 19 meeting.
