Boca Raton (Fla.) Airport Authority will continue to use ICMA-RC as bundled provider for its 401(a) and 457 plans, said Janet Sherr, deputy executive director for landside operations/facilities, business development and communications.
The airport authority issued a request for letters of interest in December for due diligence reasons.
In March, the authority invited AXA Equitable Life Insurance Co., ING U.S. Retirement Solutions and Pension Investors Corp. to submit full proposals.
After rejecting all proposals, the authority’s board decided to continue using the services of ICMA-RC, which serves the authority without a contract, Ms. Sherr said.
She did not have asset sizes for the plans.