Lansing (Mich.) Board of Water & Light is searching for a third-party administrator for its two 401(a) plans and 457 plan.
The board has issued an RFP because the contract of current administrator ICMA-RC will expire on Dec. 31, said Amy Adamy, spokeswoman, in an email. The firm is invited to rebid, she said.
The three plans have combined assets of $332 million.
The RFP is available on the board’s website. Proposals are due at 2 p.m. EDT on June 30. A timeline for a decision was not provided.