City of Somerville, Massachusetts - File #: 25-0334

• File #: 25-0334
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 2/21/2025
• In control: City Council
• On agenda: 2/27/2025
• Final action: 3/20/2025
• Enactment date: 3/13/2025
• Enactment #: 218538
• Title: Requesting approval of a contract extension for two years until 2/28/2026 for TSA Consulting Group, Inc., for the administration of 457(b) plans.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, Human Resources
• Code sections: Contract -

Date	Ver.	Action By	Action	Result
3/20/2025	1	City Council	Mayoral Approval
3/13/2025	1	City Council	Approved	Pass
3/11/2025	1	Finance Committee	Recommended to be approved	Pass
2/27/2025	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting approval of a contract extension for two years until 2/28/2026 for TSA Consulting Group, Inc., for the administration of 457(b) plans.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council approve an extension to the contract with TSA Consulting Group, Inc. for 457(b) plan administration.  The contract has an option to renew for an additional two years at the discretion of the City.  The Human Resources Department requests to extend the contract for two years through February 28, 2026.  A copy of the contract is attached to this request.

Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this item.

Respectfully submitted,

Katjana Ballantyne, Mayor