Santa Clara, Calif., is searching for a record keeper for its $150 million 457 plan, said Vincent Galindo, senior consultant at Hyas Group, the plan's investment consultant, in an email.
MassMutual is the current record keeper; whether the firm is eligible to rebid could not be immediately learned.
ICMA-RC is record keeper for a single participant under a special arrangement, and that business is not up for bid.
Proposals are due Jan. 17. Finalist interviews are scheduled for April 11, with a decision expected shortly thereafter. The RFP can be obtained by emailing Mr. Galindo. He could not be immediately reached to provide further information.