Administrator - Bundled
The city is also looking to establish a deferred compensation committee as part of the RFP process.
The plan awarded a contract to a brand new third-party administrative services provider.
The university system has issued an RFP seeking firms to provide lead record keeper, investment, administrative and participant services for its multi-billion retirement plans.
The plan is working with Benefit Financial Services Group and anticipates a selection in April.
The general investment consultant was last hired following a similar search process in 2016.
The plans selected a new third-party administrator after previously providing the services in-house.
The plan approved transitioning to a new program manager in the third quarter as its previous provider was acquired earlier this year.
City is searching for a record keeper and administrator for its deferred compensation and voluntary employee beneficiary association retirement plans.
Plan is seeking a firm to provide record keeping, plan administration and participant services.
The selected firm will serve an initial one-year term beginning Jan. 1.
