Houston 457 Deferred Compensation Plan is searching for a bundled provider, confirmed Joyce Hays, senior procurement specialist for the city.
Incumbent Great-West Retirement Services may rebid. Its contract expires Dec. 31.
The selected firm will provide administration, record keeping, investment management and advisory, custodial and education services, according to the RFP.
The $717 million plan has 22 investment options, including a separate account stable value fund. Firms can retain the fund or propose an alternative.
The RFP is available on the city's procurement website. Proposals are due at 2 p.m. CDT July 25. A hiring decision is expected on Sept. 30.
