Approve agreement for deferred compensation plan consultative services

A Resolution authorizing the Mayor to execute an agreement with SageView Advisory Group, LLC to provide consultative services for the City’s deferred compensation plan, in an amount not to exceed $37,500.00 per year for the first three years, with a 4% increase for each subsequent year, and to provide a personal financial wellness program for the City's employees for an additional and separate fee of $5,000.00 per year.(Requested by Employee Benefits & Risk Management Department)

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On March 19, 2024, the City of Knoxville, TN City Council adopted “Approve agreement for deferred compensation plan consultative services” by a vote of 8–0.

Unanimous Adopted 8-0-0-1

Motion to approve Resolution R-96-2024

Moved by Lynne Fugate · seconded by Lauren Rider

Topics: Contracts & purchasing

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The vote as recorded

Aye · 8

Charles Thomas District 5 Lynne Fugate At-Large Seat A Debbie Helsley At-Large Seat B Tommy Smith District 1 Andrew Roberto District 2 Seema Singh District 3 Lauren Rider District 4 Gwen McKenzie District 6

Absent · 1

Amelia Parker At-Large Seat C

The figures in this motion

$37,500
$5,000

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Public forum

The clerk’s minutes note 4 speakers at the public forum for this meeting.

A sign-up count from the minutes — not a measure of overall public opinion.

Minutes of the 19 March 2024 meeting — page 12

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