Oregon Retirement Savings Board, Tigard, will issue an RFP on Sept. 20 for a single administrator for the new Oregon Retirement Savings Plan, said James Sinks, spokesman for Oregon Treasurer Ted Wheeler, in an e-mail.
Mr. Wheeler is chairman of the board that will oversee the new plan, which is expected to launch July 1, 2017. The Oregon Retirement Savings Plan will offer private-sector workers without a workplace retirement or savings plan automatic enrollment, payroll deduction and automatic escalation, on an opt-out basis.
A notice of the upcoming solicitation on Mr. Wheeler’s website says the board is seeking an administrator, whose services will include plan record-keeping services, investment management and asset custody.
The board’s new general investment consultant, Segal Rogerscasey, is assisting in the search. The board had issued an RFP in June for its first consultant, and announced in July it had awarded the contract to Segal Rogerscasey.
Proposals will be due at 5 p.m. PDT on Oct. 14. A notice of intent to award is expected to be posted on Nov. 17.
The RFP will be posted on the treasurer’s website.
