Searches and Hires

Milton, Ga., looking for bundled provider for 401(a), 457 plans

Milton, Ga., is searching for a bundled provider for its 401(a) and 457 plans, according to an RFP posted on the city's website.

The city is seeking a firm that "should, at a minimum, currently provide administration for our current group and have the ability to offer and administer Roth accounts, loans and in-service hardship withdrawals; and have no restriction on the size of accounts they will accept for voluntary transfer to a new plan," the RFP said.

ICMA-RC is the current provider. Whether the firm is invited to rebid could not be immediately learned. The plans have a combined $11 million in assets.

The RFP is available on the city's website. Proposals are due at 2 p.m. EDT on July 24. A timeline for a decision was not provided.

City spokeswoman Shannon Ferguson could not be immediately reached to provide further information.