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Employee Relations

401k/457 Single Provider RFP

The Joint RFP Committee is currently working on evaluating a potential change to our DC Plan Provider setup. Information will be available on this page as the evaluation progresses.

January 3, 2019

At the Joint 401k/457 Committee meeting on Thursday, January 3, 2019, the Committees approved a motion to officially notify T. Rowe Price prior to July 1, 2019 regarding moving the Stable Value fund to Empower Retirement.

December 19, 2018

At the Joint 401k/457 Committee meeting on Wednesday, December 19, 2018, the Committee approved a motion to develop an investment fund line-up that is identical for both the 457 Deferred Compensation Plan and the 401(k) Savings Plan.  Specifics of that line-up will be determined in subsequent Joint Committee meetings.  Posted on this website is the Fund Comparison provided by RVK, the Plans’ Investment consultant.

December 18, 2018

At the Assembly Meeting on Tuesday, December 18, 2018, the Anchorage Assembly approved the contract award to Empower Retirement as the consolidated third party administrator for recordkeeping and investment services for both MOA 457 Deferred Compensation Plan and the MOA 401(k) Savings Plan.”

December 12, 2018

At the Joint 401k/457 Committee meeting on Wednesday, December 12, 2018, the Committee unanimously voted for the Empower Retirement Contract Award to go forward to the Anchorage Assembly for approval on December 18, 2018.  The Assembly decision is strictly on the recommended Record-keeper for both voluntary supplemental retirement Plans (401(k) and 457(b)).  Assembly approval is not connected with implementation decisions that will be determined by the Joint Committee (i.e.: Plan Design; Investment Options and Structured Lineup, etc.) with input and analysis from RVK, the Investment Consultant for both Committees.

Contact Scott Railing with any questions.

Documents

Events

The fifth in a series of meetings to discuss changes/decisions affecting Investment Options.
Date: Friday, January 18, 2019
Time: 10:30 a.m. to 12:30 p.m.
Place: City Hall, Treasury Conference Room, Suite 330

The fourth in a series of meetings to discuss changes/decisions affecting Investment Options.
Date: Thursday, January 17, 2019
Time: 2:00 p.m. to 4:00 p.m.
Place: City Hall, Treasury Conference Room, Suite 330

The third in a series of meetings to discuss changes/decisions affecting Investment Options.
Date:   Thursday, January 3, 2019
Time:   8:30 a.m. to 10:00 a.m.
Place:  City Hall, Treasury Conference Room, Suite 330

The second in a series of meetings to discuss changes/decisions affecting Investment Options.
Date: December 19, 2018
Time: 8:30 a.m.
Place: City Hall, Treasury Conference Room, Suite 330

Initial meeting to discuss changes/decisions affecting Investment Options
Date:   December 12, 2018
Time:   8:00 a.m.
Place:  City Hall, Treasury Conference Room, Suite 330

    • Employee Relations
    • Director: Karen Norsworthy
    • 632 W 6th Avenue, Suite 610, Anchorage, AK 99501
    • 907 343-4425