Idaho Public Employee Retirement System, Boise, rehired Empower Retirement as record keeper of its $983 million 401(k) plan.
The retirement system's board approved staff recommendation to rehire Empower Retirement following an 18-month RFP process at its Feb. 20 meeting, recently released meeting minutes show.
Finalist information could not be immediately learned. PERSI originally hired predecessor firm Great-West Retirement Services in 2014 following the previous RFP process.
Kelly Cross, PERSI spokesman, and Bob Maynard, chief investment officer, could not be immediately reached for further information.