Searches and Hires

Energy Trust of Oregon seeking third-party administrator for DC plans

Energy Trust of Oregon Inc., Portland, Ore., is searching for a third-party administrator for its three defined contribution plans, according to an RFQ posted on the trust's website.

The trust has issued the request for qualifications for a firm to offer "high-performing investment options for employees, robust and efficient plan administration, responsive and professional customer service, financial advice and suitable education, long-term stability and reasonable plan expenses," according to the RFQ.

The current third-party administrator is The Standard. Whether the firm is eligible to rebid could not be immediately learned. The plans are a 401(k) plan and two supplemental executive plans, and have a combined $13 million in assets.

Proposals are due at 5 p.m. PST on Nov. 15. Finalist interviews will take place the weeks of Dec. 11 and Dec. 18. A timeline for a decision was not provided.

The RFQ is available on the trust's website.

Cheryle Easton, finance project manager, could not be immediately reached to provide further information.