Massachusetts Bay Transportation Authority, Boston, is seeking a record keeper and administrative services provider for its $30 million 401(a) plan.
The search is being conducted because the MBTA is looking to reduce costs and expand investment options, said Paul Brandley, treasurer and chief financial officer. ADP is the current provider and is invited to rebid.
A copy of the RFP is available on the state's procurement website.
Proposals are due by 1 p.m. EDT on April 4. Mr. Brandley says the MBTA expects to make a selection by May 21.