Plainfield, N.J., reissued an RFP for an investment consultant for its $10 million 457 plan, said Ron West, the city's director of administration, finance, technology and social services, in an email.
The city previously issued the RFP in July 2017. Mr. West said "the city deferred taking action and because of the time lapse the request for proposals is being reissued." He did not provide a reason for the deferment.
While the city has had a consultant for the plan in the past, it has not had one in many years, said CindyLea Weber, purchasing agent, in an earlier email. Ms. Weber could not provide the name of the previous consultant. MetLife and Nationwide Financial are the plan's record keepers.
The RFP is available on the city's website. Registration is required. Proposals are due at 11 a.m. EDT on May 23. A timeline for a decision has yet to be determined.
