Atlanta is searching for a record keeper for its two defined contribution plans, according to an RFP posted on the city's website.
The city is requesting proposals from firms to provide “administration, record keeping, education, enrollment, communication, investment, and applicable compliance plans,” according to the RFP. The city is looking for a firm for a three-year contract with two optional one-year renewals.
The $65 million 401(a) plan's current provider is ING U.S. Retirement Services, and the $136 million 457 plan's current providers are ICMA-RC, ING U.S. Retirement Services and Nationwide Financial. Further information regarding whether the firms are invited to rebid and how many providers the city is seeking could not be learned by press time.
The RFP is available on the city's website. Proposals are due at 1:59 p.m. EDT on March 27. A timetable for a decision was not available by press time.
Phone calls to Yvonne Cowser Yancy, commissioner, city department of human resources, and Wendell A.M. Bryant, contracting officer, were not returned by press time.