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Commissioners approve migration of county 457 retirement plan to multi-employer aggregate plan
Summary
The Wagoner County Board of Commissioners voted unanimously to move the county's 457 retirement plan through Lincoln Financial into a Multi-Employer Aggregate Plan (MEAP), a change the board approved May 11 to alter plan administration.
The Wagoner County Board of Commissioners voted May 11 to migrate the county’s 457 retirement plan through Lincoln Financial into a Multi-Employer Aggregate Plan (MEAP).
Commissioner James Hanning moved to approve the migration, and Chairman Randy Stamps seconded. The motion "passed with the following votes: Hanning, aye; Stamps, aye; Kelley, aye," according to the meeting minutes. The minutes do not specify implementation details or an effective date for the migration.
County officials recorded no public comment or opposition during the discussion. The board did not provide additional account-level details in the minutes about employee notice, plan fees, or how the change will affect individual participant investments.
