Mesa, Ariz., seeks administrator for 457 plan

Mesa (Ariz.) Deferred Compensation Program is searching for at least one third-party administrator, confirmed Alyce Benge, city purchasing administrator.

The $127 million 457 plan is conducting the search because of the pending expirations of contracts with Great-West Retirement Services and Hartford Retirement Services, as well as for due diligence. Both firms are eligible to rebid.

The RFP is available from the city's website. Proposals are due at 3 p.m. MDT on March 19. Finalist interviews are tentatively scheduled for May 6, with a selection tentatively scheduled for June 3.

Investment consultant Innovest Portfolio Solutions is assisting.