Columbus, Ga., is searching for a bundled provider for its $20 million 457 plan, said Andrea J. McCorvey, the city’s purchasing division manager.
The city is conducting the search because it wants to consolidate administration, record keeping, education and investment management services to a single provider.
Current providers Great-West Retirement Services, MassMutual Financial Group, Nationwide Financial and VALIC are invited to rebid.
The RFP is available on the city’s website. Proposals are due at 5 p.m. EST on Dec. 5. A timetable for a decision has yet to be determined.
