Jackson, Tenn., looking for third-party administrator for 457 plan
By Rob Kozlowski | January 18, 2013 2:21 pm
Jackson, Tenn., is searching for a third-party administrator for its 457 plan, confirmed Susan White, city purchasing manager.
The city issues requests for qualification for an administrator every five years, Ms. White said in a telephone interview. Current administrator ING U.S. Retirement Services is eligible to rebid.
Proposals are due at 10:30 a.m. CDT on March 20. Ms. White said the city would likely make a decision by June.
The RFQ is available on the city's website.
As of June 30, 2011, the city's 457 plan had $12 million in assets, according to the most recently available city financial report.