Minnesota College Savings Plan, St. Paul, is searching for a service provider for the $1.1 billion 529 plan.
The contract of the current plan provider, TIAA-CREF, expires Aug. 31. It was not known whether TIAA-CREF can rebid.
The 529 plan is jointly overseen by the $68.6 billion Minnesota State Board of Investment, St. Paul, and the Minnesota Office of Higher Education. It has seven investment options, according to its website.
The selected provider would work under a five-year contract expiring Aug. 31, 2019, according to a copy of the RFP obtained from the state board.
Prospective providers must register as a vendor with the state of Minnesota's website.
Responses are due Jan. 17. A selection is expected by March 7, according to the RFP.
Further information on the RFP is on the state vendor website.
