Tempe (Ariz.) Elementary School District is searching for a bundled provider for its 403(b) and 457(b) plans, according to an RFP posted on a state procurement website.
ING U.S. Retirement Services is the current provider for the two plans with a combined $14 million in assets. It could not be learned by press time whether ING is invited to rebid. The firm was hired in January 2009.
The school district is looking for a fund lineup of 16 core options spread across a variety of asset classes, in addition to a series of target-date funds. The current lineup has 17 investment options and a set of target-date funds.
The RFP is available on the Arizona Purchasing website. Proposals are due at 2 p.m. MDT Oct. 2. A hiring decision is expected in early December.
Claudia Leon, purchasing manager could not be reached by press time.