North Dakota Public Employees Retirement System, Bismarck, hired Segal Rogerscasey to assist with its search for a record keeper for its $10 million 401(a) plan and $74 million 457 companion plan, said Bryan Reinhardt, research and planning manager.
An RFP for a firm to assist with the record-keeper search was issued in the first half of 2016.
The record-keeper RFP is expected to be issued in December. The contract expiration of current record keeper TIAA-CREF expires in July 2017. The retirement system also has a policy of periodically putting services out to bid. TIAA is invited to rebid.
Segal Rogerscasey assisted the retirement system with a previous record-keeper search.