Crossville, Tenn., is searching for a firm to provide plan administration, investment and record keeping services for a newly established 401(a) plan, confirmed Fred Houston, city finance director.
Current city employees and those hired before July 1 are in the $36.3 billion Tennessee Consolidated Retirement System, Nashville. Employees hired on or after July 1 will instead be enrolled in the new 401(a) plan, said Mr. Houston in a telephone interview.
The RFP is available from the city's website. Proposals are due at 2 p.m. CDT March 26. The three-year contract, with two two-year extension options, is scheduled to begin around July 1.