City Council

A. Selection of Third -Party Administrator to Provide Deferred Compensation Program\nServices\nA competitive bid process was conducted to find a Third -Party Administrator ( TPA)\nfor defined contribution plan recordkeeping and administration services. The City\nreceived five (5) qualified companies' that submitted proposals. Through an analysis\nof the proposals, a firm has been selected for recommendation to the City Council.\nRecommendation: That the City Council discuss and authorize the City Manager to\nenter into a five ( 5) year agreement with Voya for retirement plan services.\n6\nSpecial & Regular Joint Meeting Agenda