City of Anaheim (Calif.) Deferred Compensation Plan Fund plans to issue an RFP in January for a bundled provider, according to Cathy Woodward, treasury analyst for the city. ICMA Retirement, the $122 million 457 plan's current bundled provider, will be allowed to rebid, she said. The committee overseeing the plan solicits bids "every five years or so to make sure we have the best services." A timeframe for accepting proposals and making a selection has not been established.
The plan hired Arnerich Massena on a per-project basis to create the RFP. It does not have a consultant.
The plan offers 32 investment choices and is part of the $371 million California Public Employees' Retirement System's 457 Public Agency Deferred Compensation Program.