Summit County, Colo., is searching for a firm to provide record-keeping and administrative services for its $45 million 401(a) plan, said an RFP on the county’s website.
The reason for the search along with whether Milliman, the incumbent record keeper, can rebid, could not immediately be learned. Charles Schwab now provides trust and custodial services. It’s possible the county will hire one firm to provide record keeping, administrative, trust and custodial services, the RFP said.
Proposals are due by 5 p.m. MDT on June 12, with finalist presentations tentatively scheduled for the week of July 10 and a hiring decision expected the week of July 17.
Marty Ferris, the county’s finance director, could not be reached for additional information by press time.