Queen Anne's County, Centreville, Md., is searching for a consultant to design and implement a new defined contribution plan for employees, confirmed Beverly Churchill, director, human resources.
The county's defined benefit plan, part of the $36 billion Maryland State Retirement & Pension System, Baltimore, will be closed to new employees effective June 30, 2012.
The chosen consultant will design a new defined contribution plan that will serve employees hired on or after July 1, 2012, according to Ms. Churchill.
The county has a voluntary 457 plan for employees. The asset size of the plan could not be learned by press time.
Upon completing the design of the plan, the consultant will assist in searches for vendors such as investment managers and other service providers.
Proposals are due at 4:30 p.m. EST on Jan. 17. Interviews with finalists are expected to take place Jan. 25, with a decision expected on Feb. 7.
The RFP is available at www.qac.org/Docs/Procurement/hr12052011.1.pdf.