The Public Employee Retirement System of Idaho has agreed to use Affiliated Computer Services Inc. to help run its 401(k) retirement plans for at least 3 more years.
The PERSI plan serves 100,000 Idaho public employees and retires, and the contract, which includes a 2-year renewal option, has a value of about $4.7 million, according to Affiliated Computer Services, Dallas.
Affiliated Computer Services has been handling participant recordkeeping, communications, and compliance services for PERSI 401(k) plan members since 2001.