Pierce County, Tacoma, Wash., is searching for a bundled provider for its 457 deferred compensation plan, according to an RFP posted on the county's procurement website.
ING U.S. Retirement Services and ICMA-RC are the current providers for the $150 million plan. It could not be learned by press time if they can rebid.
The county is looking to reduce the fee structure and create a “simplified investment menu,” according to the RFP. The plan has 53 investment options in addition to two series of target-date funds.
The RFP is available on the county's website. Proposals are due at 4:30 p.m. PDT Aug. 16. Finalist interviews are slated for Sept. 30 with an Oct. 7 hiring date.
Sandra Spellmeyer, benefits program manager, did not return a telephone call by press time for additional information.