Products August 26, 2011
Missouri Chooses ICMA-RC as DC Plan Administrator
August 26, 2011 (PLANSPONSOR.com) - ICMA-RC announced that it was selected by the Missouri State Employees' Retirement System (MOSERS) to be the sole provider of recordkeeping and education services for the State of Missouri Deferred Compensation Plan.
Reported by Rebecca Moore
Under the agreement, the recordkeeping and education services will transfer to ICMA-RC in November 2011.
“After conducting a thorough review process, we are very pleased to have selected ICMA-RC as our sole provider for the MOSERS plans,” said Manager of Defined Contribution Plans, Cindy Rehmeier, in the announcement. “We chose ICMA-RC for several reasons, including ICMA-RC’s focus on the public plan sector and plan administration, enhanced client support and flexibility, and competitive plan administration pricing.”
The State of Missouri Deferred Compensation Plan has $1.5 billion in assets and offers retirement saving options to approximately 55,000 state and local university employees.« Pension Funding Remains Credit Concern for U.S. Corporate Issuers