Philadelphia Gas Works is searching for a record keeper for its $109.4 million 457 plan and its $1.7 million 401(a) plan.
WhartonHill Investment Advisors, PGW’s investment consultant, is assisting with the search.
State law requires Philadelphia Gas Works to rebid its record-keeping services every four years, said WhartonHill consultant Karen McCloskey. The Newport Group is the current record keeper and is inviNewport Group is the current record keeper and is invited to rebid.
The RFP is available on PGW’s website. Proposals are due by 2:30 p.m. EST on Dec. 31, 2015. A selection is expected to be made by Feb. 23.