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Lake Oswego casts net for a bundled provider for 457 plan

Lake Oswego, Ore., is searching for a bundled provider for its $25 million 457 plan, according to an RFP posted on the city's human resources website.

The city is seeking a firm to provide administrative, record keeping and investment management services. The RFP did not name a current provider, but in 2013, the city selected ICMA-RC as bundled provider following an RFP process to consolidate to a single provider. Whether the incumbent firm is invited to rebid could not be immediately learned.

The RFP is available on the city's human resources website. Proposals are due at 4:30 p.m. PDT on Aug. 4. A selection is expected during the week of Sept. 18.

Megan Phelan, assistant city manager and human resources director, could not be immediately reached to provide further information.