CitiStreet was recommended by an evaluation team — a sub-group of the defined contribution plan implementation group, which reports to the Florida State Board of Administration, Tallahassee — to be the third-party administrator for Florida’s new defined contribution plan for state employees. The list and ranking of candidates is being sent today to the State Board of Administration; from there it will go to the plan advisory committee, and then to the board of trustees for their final approval. The other two finalists, in order of the ranking by the evaluation team, are Northern Trust and Fidelity Investments.
Other searches that are outstanding for the new plan are: an RFI for transition brokerage services, with proposals due Jan. 31; the second part of the RFI for education/advice service provider, with proposals due Feb. 5; and a search for public relations, communications or advertising services.
