T19-106-01

The City of Tempe has awarded a contract to Nationwide Retirement Solutions to provide retirement plan administration, record keeping, education, investment counseling, and other related services for the 401(k), 457(b), and Health Reimbursement Account (HRA) Plans. The contract has been renewed for a one-year term, with the option for further renewal. The contractor has agreed to maintain the current pricing, and the City's financial advisor, Innovest, will assist in evaluating the marketplace to ensure a best value outcome for plan participants. Key aspects of the contract include: • Retirement plan administration • Record keeping • Education • Investment counseling • Other related services • 401(k), 457(b), and Health Reimbursement Account (HRA) Plans • Eligible City employees and retirees