Clark County, Las Vegas, is searching for a bundled provider for its $454 million 457 plan and two FICA alternative plans totaling $8 million in assets, confirmed Francis Picarelli, vice president at Segal Rogerscasey, which is assisting with the search.
The current provider is MassMutual Financial Group. The firm bought Hartford Retirement Services, which had been the provider of the deferred compensation plan since its inception in 1979.
Mr. Picarelli wrote in an e-mail that the RFP was issued due to the pending expiration of MassMutual's contract. MassMutual is invited to rebid.
The RFP is available from the county website. Proposals are due at 3 p.m. PDT on May 23. Finalist presentations are scheduled for the week of July 8, with a decision expected the week of July 29. The five-year contract would begin Jan. 1, 2014.