Philadelphia School District is searching for a record keeper for its $169 million 403(b) and $11 million 457(b) plans.
The DC plans currently have five record keepers — AXA Equitable , Lincoln Financial Group, MetLife, TIAA-CREF and VALIC. It could not be learned if they can rebid.
Minority- and women-owned businesses are encouraged to bid.
The RFP is available on the school district's procurement website. Registration is required. Proposals are due by 11 a.m. EDT on May 15. A selection is anticipated to be made in October.
Biko Taylor, executive director of the school district's procurement office, could not be reached for comment by press time.