Indiana Deferred Compensation Committee, Indianapolis, issued an RFP for a third-party administrator for its combined $874 million Indiana Public Employees Deferred Compensation 457/401(a) Plans, said Kirke Willing, deputy auditor.
The pending expiration in April of incumbent Great-West Life & Annuity Insurance's contract prompted the search, Mr. Willing said. Great-West can rebid, Mr. Willing said.
Proposals are due Dec. 21. The committee expects to make a decision Feb. 15.
The committee is conducting the search without a consultant.