Sacramento County calling for bundled DC provider for 2 retirement plans

Sacramento County (Calif.) is searching for a bundled provider for its 457(b) and 401(a) plans, said an RFP on procurement website Public Purchase.

The selected firm will provide record keeping, education, plan administration, communications and investment-related services for the $877.2 million 457 plan and $15.6 million 401(a) plan.

The reason for the search and information on whether current provider Fidelity Investments can rebid could not immediately be learned.

The RFP is available on Public Purchase. Registration is required. Proposals are due by 3 p.m. PDT on April 17.

Finalist interviews are scheduled for June or July with a September hiring decision.

A Sacramento County human resources official could not be reached immediately for additional information.