Richmond (Va.) Public Schools is searching for a sole provider for its three retirement plans, said an RFP on the school district’s website.
The plans — a 401(a) plan, 403(b) plan and 457(b) plan — have $41 million in assets combined. The reason for the search, including whether the incumbent provider, Lincoln Financial Group, can rebid, could not be learned by press time.
The selected firm will provide administration, investment management and education services.
The RFP is available on the school district’s website.
Proposals are due by 2 p.m. EST on Dec. 15. Finalist interviews are tentatively scheduled the week of Jan. 11 to Jan. 15 with a hiring decision expected on Feb. 19.
A purchasing official and benefits official could not immediately be reached for additional information.