CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
DISTRICT, DEPARTMENT, CONTACT INFORMATION:
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Details
All Districts
Purchasing and Strategic Sourcing, Claudia A. Garcia, (915) 212-1218
Human Resources, Araceli Guerra, (915) 212-1401
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AGENDA LANGUAGE:
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Title
The linkage to Strategic Plan is subsection 6.2 - Implement employee benefits and services that promote financial security.
Award Summary:
Discussion and action on the award of Solicitation No. 2022-0038R 457(b) Deferred Compensation Plan Administrator and 401(a) Profit Sharing Plan Administrator to Empower Retirement, LLC for an initial five (5) year term. The award is to include a two (2), two (2) year optional terms for a total of nine (9) years.
Contract Variance:
Not applicable, no cost to the City.
Department: Human Resources
Award to: Empower Retirement, LLC
Greenwood Village, CO
Item(s): All
Initial Term: 5 years
Option to Extend: Two (2), two (2) years
Annual Estimated Award: N/A
Initial Term Estimated Award: N/A
Option Term Estimated Award: N/A
Total Estimated Award: N/A
Account No: N/A
Funding Source: Employee Voluntary Contributions Only
District(s): All
This is a Request for Proposal, service contract.
The Purchasing & Strategic Sourcing and the Human Resources Departments recommend award as indicated to Empower Re...
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