DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval to extend an existing contract - Finance Department , 16RFP102009C-CL, 401(a) Defined Contribution Plan Administrative Services with Great-Westlife & Annuity Insurance Company ("Great-West") which operates primarily as Empower Retirement, LLC ("Empower") to provide plan administrative services for an additional 12 month period. Effective dates: January 1, 2025 through December 31, 2025. (APPROVED UPON ADOPTION OF THE CONSENT AGENDA)
body
REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
In accordance with Purchasing Code Section 102-420, contract modifications within the scope of the contract and necessary for contract completion of the contract, in the specifications, services, time of performance or terms and conditions of the contract shall be forwarded to the Board of Commissioners for approval.
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
Yes
SUMMARY & BACKGROUND
Scope of Work: This request is to extend the existing contract for the Fulton County Defined Contribution Plan (401-A) administrative services. There is no cost to the County, as plan expense are deducted from investment returns and returns are credited to Plan Participant accounts net of all fees.
Community Impact: N/A
Department Recommendation: Recommend approval.
Project Implications: N/A
Community Issues/Concerns: N/A
Department Issues/Concerns: N/A
CONTRACT MODIFICATION
CURRENT CONTRACT HISTORY
BOC ITEM
DATE
DOLLAR AMOUNT
Original Award Amount
16-0689
8/17/2016
No Cost
Name Change
21-0293
4/21/2021
No Cost
Extension No. 1
No Cost
Total Revised Amount
No Cost
EXHIBITS ATTACHE...
Click here for full text