Milwaukee County Deferred Compensation Plan will begin a search for a record keeper later this summer, said Steve Cady, chairman of the county's select committee on deferred compensation, in an email.
The $364 million 457 plan will issue an RFP because the contract of current record keeper Empower Retirement is expiring on March 31, 2019. The firm is invited to rebid, Mr. Cady said.
The plan has 12 investment options and a target-date fund lineup managed by Vanguard Group.
The RFP will be posted on the county's website. A timeline for the search process have yet to be determined.
Investment consultant RVK is assisting.