The Maryland State Retirement Agency, Baltimore, issued an RFP seeking investment and record-keeping services for the state’s $1.9 billion 403(b) retirement savings plan.
According to the RFP, the existing service providers are TIAA-CREF and Fidelity Investments. Fidelity’s contract is set to expire Dec. 31 and can rebid.
Proposals are due by 2 p.m. EDT July 16.
A copy of the RFP is available at http://www.sra.state.md.us/Agency/Investment/OptionalRetirementProgram.aspx.
More information can be obtained by contacting Victoria Willard at 410-625-5614 or [email protected]
The plan — the Optional Retirement Program — has more than 36,000 participants consisting of state college and university teachers and administrators.
