San Marcos, Texas, seeks provider for 457 plan

San Marcos, Texas, is searching for a provider for its $10 million 457 plan, said an RFP on the city’s purchasing website.

The search is being conducted to test the market, according to the RFP. Whether incumbent provider ICMA-RC can rebid could not immediately be learned.

The RFP is available on the city’s purchasing website. Registration is required.

Proposals are due by 2 p.m. CST on Jan. 26. A hiring decision is anticipated on April 4. Implementation is targeted for June 15.

Legacy Investment Services is assisting with the search.

Rita Campos, benefits manager, could not immediately be reached for additional information.