Rockville, Md., is searching for a bundled provider for its $26.6 million 401(a) and $22.5 million 457 plan, said Gavin Cohen, finance director.
The city is seeking a sole provider for both plans. The 401(a) plan is currently administered by Prudential Financial and the 457 plan is administered by ICMA-RC, both of which are invited to rebid.
The RFP is available on the city’s website.
Proposals are due by 2 p.m. EDT on April 8. A hiring decision is anticipated before the summer.