Memphis Deferred Compensation Plan on lookout for bundled provider

Memphis (Tenn.) Deferred Compensation Plan is searching for a bundled provider for the $203 million 457 plan, according to an RFP posted on the city's website.

The city is looking for a single provider to provide record-keeping/administration, communication/education and investment management services.

The current bundled provider is Nationwide Retirement Solutions. It could not be learned by press time whether the firm is eligible to rebid.

The RFP is available from the city's website. Proposals are due at 2 p.m. CST Jan. 11. Finalist presentations and selection are scheduled for the week of March 4, with implementation and transition scheduled for May 2013.

Investment consultant Segal Rogerscasey is assisting.

Sam Johnson, investment manager, did not return a phone call by press time.