Glen Cove, N.Y., is searching for a bundled provider for its 457 deferred compensation plan, confirmed John Charon, plan administrator.
Incumbent VALIC is invited to rebid. The city is required to issue an RFP every five years, Mr. Charon said. The $7.4 million plan is looking for only one provider.
The RFP is available on Glen Cove's website. Proposals are due Jan. 10. A hiring decision is expected by Feb. 25. The contract starts June 1.