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Vendor Relationships

Income for Life Annuity Program

ICMA-RC partners with MetLife and John Hancock to make annuities available through the Income for Life Annuity Program. These insurance companies compensate ICMA-RC for providing administrative services in support of the program. The fee is 80 basis points (0.8%) per year of the purchase amount of the annuity for a period of five years. During the one-year period ending June 30, 2013, ICMA-RC received compensation in the amount of $13,695.69 from MetLife and $10,625.74 from John Hancock.

Long-Term Care Insurance Solutions

ICMA-RC partners with Long-Term Care Quote (LTCQ) to provide long-term care insurance solutions to participants. LTCQ compensates ICMA-RC for providing administrative support to this program. Compensation is paid directly by LTCQ to ICMA-RC and does not impact or reflect the amount of long-term care insurance coverage received or the premium amount paid by the purchaser. During the one-year period ending June 30, 2013, ICMA-RC received compensation in the amount of $2,800.00 from LTCQ.

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