City of Los Angeles Deferred Compensation Board has received proposals...

City of Los Angeles Deferred Compensation Board has received proposals from First Financial Administrators, Great West Life & Annuity Insurance and Mid-America in response to its search for an administrator for its $24 million 457 plan for part-time employees. A subcommittee that includes two board members will review the proposals. Currently, the plan administrator is First Financial Administrators and the provider of the plan’s single fixed-account type options is American United Life. The contract with First Financial expires Dec. 31.