Hanover County, Hanover, Va., is searching for a record keeper for the county's defined contribution plans, said Steven Rusch, the county's purchasing division director.
The county issued an RFP because the contract of current record keeper Lincoln Financial Group is expiring at the end of August 2018. The firm is eligible to rebid, Mr. Rusch said.
The county has three defined contribution plans: a $42 million 457 plan, a $35 million 403(b) plan and a 401(a) plan with less than $1 million in assets.
Proposals are due at 2 p.m. EST on Jan. 9. Mr. Rusch said the county hopes to make a decision sometime in the spring.
The RFP is available on the state's procurement website. Registration is required.
