JEFFERSON CITY, Mo. — The Missouri Deferred Compensation Commission plans to issue an RFP this winter for a third-party administrator and investment provider for the commission's 457 and two 401(a) plans, which have a combined $1 billion in assets, said Allen Scott, employee benefits manager.
Proposals for bundled and unbundled services will be accepted. General consultant Mercer Human Resource Consulting will assist.
PEBSCO, the current bundled provider for all three plans, can rebid. The plans, which mirror each other, each offer 33 investment options.