Lansing (Mich.) Board of Water and Light is searching for a bundled provider for its two 401(a) plans and 457 plan, said Tony DeLuca, buyer, in an email.
The board issued an RFP because it puts services up for bid every three years, Mr. DeLuca said. Current provider ICMA-RC is invited to rebid.
The board is seeking a firm to provide “record keeping, education, enrollment, administration and investment advisory services” for the plans, which have combined assets of $271 million, according to the RFP.
Proposals are due at 2 p.m. EDT on May 5. A timetable for a decision was not provided.
The RFP is available on the board's website.