Florida State Board of Administration, Tallahassee, issued an invitation to negotiate in a search for an accounting firm to audit the financial statements of the Florida Retirement System’s $137.9 billion defined benefit plan and its $8.2 billion 401(a) defined contribution plan.
The assets of the two plans are part of the total $172.5 billion in assets the FSBA oversees.
Ernst & Young’s five-year contract is expiring, said John Kuczwanski, FSBA communications manager, in an e-mail. EY can rebid, he added.
The ITN is available at the FSBA’s website.
Proposals are due March 29. FSBA expects to interview finalists in April and award a contract in May.