North Adams (Mass.) Retirement System is searching for a firm to provide institutional custodial/master trust services, said Beth A. Matson, pension administrator for the $53 million defined benefit plan, in an e-mail.
The search is being conducted because the pension fund's contract with its current custodian/master trust provider, State Street Bank & Trust, is expiring. Ms. Matson said State Street Bank & Trust is invited to rebid.
A copy of the RFP can be obtained by contacting Ms. Matson via email at BethMatson@NorthAdamsRetirement.org. Proposals are due by 3 p.m. EST on Feb. 20. A selection is expected to be made Feb. 23.