Milwaukee City 457 Deferred Compensation Board is searching for a record keeper, said Margaret C. Daun, executive director.
The board of the $790 million plan issued an RFP because it had been awhile since it had issued an RFP and it was time to do the standard due diligence, Ms. Daun said.
Current record keeper Nationwide Financial is invited to rebid.
The RFP is available on the city’s website. Proposals are due at 5 p.m. EDT on Oct. 12. The board hopes to make a decision in early 2016.
Investment consultant Callan Associates is assisting.