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Millersville council approves switch of employee 457(b) plan administrator to Equitable Financial
Summary
The Millersville Borough Council voted to move administration of its employees’ 457(b) retirement accounts from Bright House Financial to Equitable Financial after recurring administrative issues; transition costs will be covered by the new vendor and the borough does not contribute to the plan.
The Millersville Borough Council voted to move the borough employees’ 457(b) retirement plan administration from Bright House Financial to Equitable Financial following repeated administrative problems with the incumbent vendor.
Council members discussed the switch during the personnel committee meeting, where Borough Manager Rebecca said the plan is used by “about 75% of our staff” and described a payment-processing problem that was escalated to the Pennsylvania…
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