Employee Retirement Planning Services

The Town of Oro Valley conducted a competitive proposal process to contract with a firm for trust custody, administration, recordkeeping, participant education, and communication, as well as investment services for the Town's Retirement Plan. The successful firm will provide comprehensive financial planning services to Town employees, including 457(b), Roth IRAs, 529 savings plans, and 401(a). Key points of the contract include: • The contract was awarded to Empower. • The notice of award was published on February 8, 2022. • The bid submission date was September 15, 2021. • A pre-proposal conference was held on August 27, 2021, via Microsoft Teams. • The contract documents include the request for proposals, amendments, and attachments. The contract's scope of work involves providing employee retirement planning services, including trust custody, administration, and investment services. The successful firm will work with the Town's Human Resources Department and the Town Manager's Office to deliver comprehensive financial planning services to Town employees.