Chicago Metropolitan Water Reclamation District hired Prudential Retirement as bundled provider for its $196 million 457 deferred compensation plan, said James Fisher, compensation and benefits manager, in an e-mail.
Prudential's five-year contract will start Jan. 1 and expire Dec. 31, 2019.
An RFP for a bundled provider was issued earlier this year. It could not be learned by press time whether the incumbent, ICMA-RC, rebid.
Investment consultant Segal Rogerscasey assisted.
