Oklahoma County Employees Retirement System, Oklahoma City, will search for a bundled provider for its $50 million 401(a) plan, said Melinda J. Colson, human resources director and county clerk. Incumbent Prudential will be invited to rebid when RFPs are issued in mid-May. The deadline for proposals probably will be at the end of June, and a selection is expected by October, she said. RFPs will be available online at www.oklahomacounty.org. The plan is not using a consultant.
The plan wants to reduce costs and offer mutual funds to its participants, she said. It currently offers 11 investment options.