Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Administration recommends switching employee deferred‑compensation provider to Lincoln Financial; fees cited as driver
Summary
Administrator McGowan told the council the administration recommends moving the township's voluntary deferred-compensation plan from Empower to Lincoln Financial, citing lower fees and broader investment options for employees; staff said the program is voluntary and funded by employee contributions.
Monroe Township administration told the council June 30 it recommends switching the township’s voluntary deferred‑compensation plan from Empower to Lincoln Financial to reduce fees and broaden investment options for employees.
In public comment, resident Bob Valentine asked for a summary of the proposed revision to resolution R62025-146, which adopts a revised deferred‑compensation plan. Administrator McGowan replied, “We have had Empower as our employees…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
