Plan Adviser For Potter County 457 Deferred Compensation Plan

Potter County, Texas is seeking a professional Plan Adviser for the Potter County 457 (b) Deferred Compensation Plan. The goal of this Request of Qualification is to reduce overall investment fees charged to participants, increase investment options, and strengthen the County's portfolio strategy for participants. The contract was awarded to Amarillo National Bank. Key factors in the decision included savings of fees for participants, waived plan document fee, and number of customer service representatives. • The Request of Qualification was released on August 30, 2019. • Six responses were received from different vendors. • The evaluation committee selected two vendors to be interviewed, and Amarillo National Bank was ultimately recommended for the award. • The contract aims to improve the County's 457 deferred compensation plan.