Orlando, Fla., scoping for record keeper for 2 DC plans

Orlando, Fla., is searching for a record keeper for its $246 million 401(a) plan and $205 million 457 plan.

The city is seeking a firm to provide administrative, investment and communication services for participants of the two plans, according to an RFP.

Whether current record keeper ICMA-RC is eligible to rebid could not be immediately learned.

The RFP is available on the city’s procurement website. Registration is required. Proposals are due at 2 p.m. EDT on Oct. 14. A selection will be made by the end of November.

Investment consultant NEPC is assisting.

Brian Ferrier, senior purchasing agent, could not be immediately reached for further information.

Source: https://www.pionline.com/searches-and-hires/orlando-fla-scoping-record-keeper-2-dc-plans