Registrar of Voters Employees' Retirement System, Jennings, La., rehired Capital One as custodian, said Lorraine Dees, director.
The $75 million pension fund issued an RFP in May because it wanted a single bank to provide all custodial and related services. As of that time, Capital One provided custodial services for investments, while a small, local bank — The Bank — provided services for benefit payments and other operating expenses.
There were no other finalists.
Separately, the pension is relaunching its search for a third-party administrator, said Ms. Dees.
The pension fund originally issued an RFP in May with a July 1 deadline due to Ms. Dees' plans to retire soon. Ms. Dees said in a telephone interview that responses were insufficient so the board has chosen to reissue the RFP, and is primarily considering third-party administration firms to fulfill her current duties as director.
Proposals are due at 5 p.m. CDT on Oct. 20 with a decision expected shortly thereafter.
The RFP is available on the pension fund's website.
