Clearwater, Fla., hired ICMA-RC as sole record keeper for its $67 million 457 plan and $8 million 401(a) plan, said Alyce Benge, purchasing manager, in an email.
The city issued an RFP in January for due diligence purposes. The intent of the RFP was to hire a single record keeper, although hiring multiple record keepers was still considered an option.
ICMA-RC and Nationwide Financial are the current record keepers for the 457 plan and ICMA-RC is the sole record keeper for the 401(a) plan.
Nationwide Financial did rebid for the services. There were no finalists.