Legislation Details

File #: 26-0468    Version: 1 Name:
Type: RESOLUTION Status: Agenda Ready
File created: 4/27/2026 In control: Procurement Services
On agenda: 10/6/2026 Final action:
Title: Resolution Approving a Service Agreement for 401(a) & 457(b) Employee Plan Administration (Request for Proposal (RFP) No. 330) with VALIC Retirement Services Company; Designating VALIC Retirement Services Company as Plan Administrator of the City’s Deferred Compensation Plan and the City’s Defined Contribution Money Purchase Plan; Authorizing the Director of Human Resources or Deputy Director of Human Resources to Modify, Finalize, Approve, and Execute Any and All Agreements, Extensions, and Documents Necessary to Effectuate Deferred Compensation and Defined Contribution Money Purchase Administration by VALIC Retirement Services Company; Designating the Human Resources Director as the Coordinator of the City’s Deferred Compensation Plan and the City’s Defined Contribution Money Purchase Plan; Authorizing Certain Employees to Execute Certain Documents and Take Certain Actions; Rescission of Conflicting Resolution Provisions; and Providing for an Effective Date - (Commission Districts 1,...
Sponsors: City Commission Regular Meeting
Attachments: 1. Commission Agenda Memo 26-0468, 2. Exhibit 1 - Resolution, 3. Exhibit 2 - Service Agreement, 4. Exhibit 3 - Solicitation, 5. Exhibit 4 - Evaluation Committee Scoring Summary, 6. Exhibit 5 – VALIC Retirement Services Company Financial Proposal
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Title

Resolution Approving a Service Agreement for 401(a) & 457(b) Employee Plan Administration (Request for Proposal (RFP) No. 330) with VALIC Retirement Services Company; Designating VALIC Retirement Services Company as Plan Administrator of the City’s Deferred Compensation Plan and the City’s Defined Contribution Money Purchase Plan; Authorizing the Director of Human Resources or Deputy Director of Human Resources to Modify, Finalize, Approve, and Execute Any and All Agreements, Extensions, and Documents Necessary to Effectuate Deferred Compensation and Defined Contribution Money Purchase Administration by VALIC Retirement Services Company; Designating the Human Resources Director as the Coordinator of the City’s Deferred Compensation Plan and the City’s Defined Contribution Money Purchase Plan; Authorizing Certain Employees to Execute Certain Documents and Take Certain Actions; Rescission of Conflicting Resolution Provisions; and Providing for an Effective Date - (Commission Districts 1, 2, 3 and 4)