West Virginia State Treasurer's Office, Charleston, is searching for a bundled provider for the state's deferred compensation program, confirmed Wilma Harrison, director of administration at the treasurer's office.
Incumbent ING Retirement Services is invited to rebid. Its contract is expiring, Ms. Harrison said in a telephone interview. The new contract is for three years with two one-year extensions.
The program consists of a 457(b) and 401(a) plan with a combined $136 million in assets. There are 20 investment options and a series of lifecycle funds; each plan has the same options.
The RFP is available on state Treasurer John Perdue's website. Proposals are due at 1 p.m. EDT Aug. 8. Presentations are scheduled for Aug. 26.