Dallas/Fort Worth International Airport is searching for a bundled provider for its defined contribution plans, according to an RFP on the airport's website.
Incumbent ICMA-RC is invited to rebid. The search was launched to find the best provider and fee structure for record keeping and administration, according to the RFP. The contract is for five years, with five additional one-year renewal options.
The DFW International Airport Savings Plus Plan — made up of two 457(b) plans and one 401(a) plan — has $53 million in assets. The 457(b) plans have the same 12 investment options and a series of target-date funds. The 401(a) plan has 10 investment options as well as target-date funds.
Investment consultant The Bogdahn Group is assisting with the search.
The RFP is available on the airport's website. Proposals are due at 3 p.m. CDT April 26. A hiring decision is expected on July 1.