The Tallahassee (Fla.) 401/457 Pension Plan is preparing an RFP for a third-party administrator, said Darrell Thompson, acting treasurer-clerk. Prudential Investment Management has administered the $153 million plan for the last 10 years and can rebid, he said.
The search is being conducted because Prudentials contract is due to expire, and the state requires competitive bids for all contractual services. The RFP will be available later this month from the citys procurement department at (850) 891-8312. Deadlines and further details were not available.