Fort Smith, Ark., seeks record keeper for 2 DC plans

Fort Smith, Ark., is searching for a record keeper for its $45 million 401(a) plan and $12 million 457 plan.

The city is seeking a firm to provide “record keeping, fiduciary services, investment review services, participant education/communication and plan administrative services,” according to an RFP posted on the city’s website.

ICMA-RC is the current record keeper; whether the firm is eligible to rebid was not available. The plans share a lineup of 48 investment options.

The RFP is posted on the city’s website. Proposals are due at 2 p.m. CDT on Sept. 4. A selection is scheduled for Nov. 3.

Alie Bahsoon, city purchasing manager, and Rick Lolley, director of human resources, could not be immediately reached for further information.

Source: https://www.pionline.com/searches-and-hires/fort-smith-ark-seeks-record-keeper-2-dc-plans