Administrator - Bundled
The system retained five firms to provide investment products and services for its retirement program to conclude an RFP process from last year.
The plan currently utilizes three providers and is looking to hire a single provider.
The city is seeking a single firm for record keeping and administration services across its 457(b), 401(a) and retirement health savings plans.
The program last conducted a search for record keeping, plan administration and claims processing services in 2017.
The program will stick with its four incumbent providers for the services.
The city hired a new administrator for its $11.1 million 457 and $2.7 million 401(a) plans last month.
The county is looking to consolidate the services with one provider.
The investment pool has selected a new firm to provide bundled provider services.
The plan is seeking a firm to provide record keeping and administration services.
The plans are seeking a full range of investment, custodial and record keeping services.