Kings County, Hanford, Calif., is searching for a bundled provider for its 457 deferred compensation plan, confirmed Bill Tugaw, president and CEO of SST Benefits Consulting, which is consultant to the plan.
Incumbent MassMutual is invited to rebid. Its contract expires Dec. 31.
The $25 million plan has 22 investment options in addition to a series of target-date funds. The selected firm will also serve as provider for a $220,000 Social Security replacement plan, or 3121 plan.
The RFP is available on the county's website. Proposals are due at 4 p.m. PDT Aug. 13. A hiring decision is expected Oct. 1.
