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Talbot County schools review retirement-plan consolidation to reduce fees and simplify choices
Summary
District staff told the board the district is considering consolidating seven retirement-plan providers into a single primary vendor to increase transparency, reduce fees and simplify staff choices; Bolton Partners led the review and RFP responses will be evaluated this summer.
Talbot County Public Schools staff outlined plans to review and likely consolidate the district’s multiple voluntary retirement-plan providers in a presentation to the board July 16.
Sarah Jones said the district currently offers multiple voluntary plan providers—"I think we currently have 7 different different providers of plans,"—and that the range of offerings has become overwhelming for staff. The district engaged Bolton Partners to analyze options and to recommend whether consolidating to a primary provider…
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