The City of Corpus Christi renews its partnership with ICMA-RC to monitor retirement assets of $ 115 million

Washington, DC, June 24, 2020 (GLOBE NEWSWIRE) – ICMA-RC is pleased to announce that it will continue its nearly 40-year relationship with the city of Corpus Christi. The company recently renewed its agreement to provide record keeping and investment services for the city’s 457 (b) and 457 part-time, temporary and seasonal (PTS) compensation plans. Currently, the city of Corpus Christi has more than 2,100 attendees with a total net worth of $ 115 million in its 457 plans.

“The city of Corpus Christi is pleased about the opportunity to extend our partnership with ICMA-RC. This relationship has been beneficial for our workforce in the city as it offers competitive fees and a wide range of investment opportunities, ”said Steven Viera, assistant city manager. “The personalized customer service was first class and we look forward to many more years of working together to help our employees build their retirement benefits.”

ICMA-RC provides an “open architecture” investment platform that manages mutual funds, collective investment trusts (CITs) and other investment options permitted under the plan. This platform helps keep costs down for the city’s staff and enables ICMA-RC to provide a first class experience for every participant.

“We are incredibly grateful that the city of Corpus Christi chose ICMA-RC. For nearly four decades, we’ve prided ourselves on serving the city and its distinguished public servants by helping their employees with training, advice and guidance in retirement, ”said Orlando Cruz, senior vice president of ICMA-RC. “We look forward to continuing to provide excellent service to all of the city’s employees and their families as they save to meet their age goals.”

About ICMA-RC

Founded in 1972, ICMA-RC is a not-for-profit, independent financial services company with approximately $ 53 billion in assets under management and management as of March 31, 2020, focused on providing retirement plans and related services for over 1.5 million people Millions of public sectors concentrated subscriber accounts. ICMA-RC’s mission is to help public sector workers build old-age insurance. The organization’s mission is accomplished through the RealizeRetirement® approach, where ICMA-RC representatives actively involve participants in their retirement programs, help them build their asset base, and help them achieve their retirement goals through a comprehensive retirement strategy. For more information, please visit www.icmarc.org or follow ICMA-RC on Facebook, LinkedIn and Twitter.

Aprile Pritchet ICMA-RC 202-962-8067 [email protected]