Detroit-Wayne County Community Mental Health Authority, Detroit, is searching for a bundled provider to create and operate a 401(a) plan, confirmed Muddasar Tawakkul, director of purchasing for Wayne County.
The agency now is a department of Wayne County, but on Oct. 1 it will become an independent community mental health authority and will operate as a separate government entity. Employees hired after Oct. 1 will be enrolled into the new 401(a) plan.
Existing employees can continue to participate in the Wayne County defined benefit and defined contribution plans until Sept. 30, 2014. At that time, the $731 million defined benefit Wayne County Employees Retirement System, Detroit, will be frozen for authority employees, and “it is the intention of the authority to move all employees into an authority-sponsored 401(a) plan” as of Oct. 1, 2014, according to the RFP. It is anticipated that about 130 employees will be moved into the plan.
The RFP is available on the state procurement website. Proposals are due at 4 p.m. EDT Aug. 23. A hiring decision is expected within 30 days of the due date, Mr. Tawakkul said.