Vero Beach, Fla., is searching for a bundled provider for its new 401(a) plan, confirmed John O'Brien, city purchasing manager.
The plan, the General Employees Defined Contribution Plan, will go into effect on Oct. 1, 2014. The General Employee Retirement Plan, a defined benefit plan, will be frozen on Sept. 30, 2014.
The General Employee Retirement Plan had $57 million in assets as of Sept. 30, 2012, the most recent data available.
The RFP is available on DemandStar, a procurement website. Registration is required.
Proposals are due at 2:30 p.m. EST on Dec. 19. A timetable for a decision has yet to be determined.
