Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Employee Benefits topic
No spam. Unsubscribe anytime.
Kossuth supervisors pause CoreBridge retirement plan over payroll, data and vendor concerns
Summary
Staff raised data-security and operational concerns about a proposed CoreBridge retirement service agreement, including requests for ACH payments and employee demographic data sent to a third-party vendor; the board voted to terminate/pause the agreement pending further review.
Donna (staff) told supervisors that after the Sept. 24 discussion about moving retirement-investment funds to the state and signing a service agreement with CoreBridge, staff discovered operational requirements they could not meet. She said the service agreement had required a monthly CSV payroll worksheet, an ACH payment option the county does not provide, and the collection of employees' demographic data (date of birth, Social Security number, marital status) to transmit to a third-party contractor in the Philippines. Donna said those operational details—combined with language allowing additional administrative charges and uncertainty about who would handle payroll tasks—left staff uncomfortable moving forward without more information.
After discussion about whether the concerns reflected timeline issues or functional requirements, a supervisor moved to terminate (or suspend) the agreement for now so the county could reexamine the contract and get clearer answers; a second was recorded, and the motion carried.
Why it matters: moving retirement plan administration involves employee privacy, payroll systems, and an operational fit between vendor requirements and county processes. Supervisors said they wanted clearer answers on who would handle data, whether ACH was required, whether the county would be asked to supply sensitive information and what recurring fees might apply.
Next steps: Termination was approved and staff will revisit the issue, seek clarifications and report back. The record does not specify new vendors, specific contract language to be changed or timelines for renegotiation.
