Defined Contribution Plan Benefits and Committee
In accordance with Town Resolution and administrative policy governing the Committee, the Town Manager is a fiduciary for the Plan and is responsible for making the final decisions related to the operation of the Plan. The Committee acts in an advisory role and is responsible for making recommendations to assist the Town Manager in exercising his fiduciary duty. In addition to its advisory duties, the Committee has the authority to adopt, implement, and administer a communication and education plan for the members. The Human Resource Director is responsible for the coordinator of the plans.
The committee meets quarterly.
View a list of contribution limits for each plan.
Keep personal and beneficiary information for your ICMA-RC accounts up to date by contacting ICMA-RC directly at 1.800.669.7400 or by logging into their website.
Login to ICMA-RC's website to access the fee disclosure for each plan in the Investments menu and Plan-Related Information. Once you are logged in, choose View Account from the dropdown box next to the plan (457, RHS, or 401a). Then, click on the Investments menu on the left-hand side of the page and choose Fee Disclosure from the list. There will be two tabs, Plan-Related Information and Investment-Related Information, which can expand for more details.