SVC-401ADCP 401A Plan/Pension

The City of Punta Gorda is seeking to establish a 401(a) Defined Contribution Plan for new employees. The plan will be administered by ICMA-RC, and the contract includes plan administration, investment, and record-keeping services. The contract duration is likely to be around 5 years, and the plan administration fee will be 0.50% on existing 457 plan and new 401(a) plan assets administered. The contract also includes educational sessions for new employees, enrollment, education, and ongoing communication services. • The plan will be a 401(a) Defined Contribution Plan for new employees. • The plan will be administered by ICMA-RC. • The contract includes plan administration, investment, and record-keeping services. • The contract duration is likely to be around 5 years. • The plan administration fee will be 0.50% on existing 457 plan and new 401(a) plan assets administered. • The contract includes educational sessions for new employees. • The contract includes enrollment, education, and ongoing communication services.