Administrator/Record Keeper
The plans considered approving an RFI last week due their record keeper’s upcoming contract expiration.
The district is seeking to “consolidate providers by implementing a single vendor or a dual vendor solution.”
The program, which will fully launch next year, has begun a search for administration and investment management services.
The county is looking to transition to a single record keeper for its 457 (b) and 401(a) plans with $30 million in assets.
The plan is seeking the services for a yet-to-be established post-retirement healthcare trust.
The plan extended the contract with its incumbent retirement plan provider that has been working with the fund since 1979.
The incumbent firm has provided the services since 2022 and is invited to rebid.
The county received six proposals in response to an RFP issued in January.
The plan is seeking a firm to provide administration, marketing and record keeping services.
The selected consultant will assist in conducting an RFP to consolidate its plan service providers to one, among other responsibilities.