Searches and Hires

Elgin Area School District U46 on lookout for record keeper, third-party administrator

Elgin Area School District U46, Elgin, Ill., is searching for a record keeper and third-party administrator for its $107.7 million 403(b) and $3.7 million 457 plans, said an RFP on the school district's website.

The school district will consider proposals from firms willing to fill one or both roles.

PlanConnect, a subsidiary of Axa Financial, is the plans' current third-party administrator, according to the RFP. Information on the plans' record keeper and whether PlanConnect can rebid could not immediately be learned.

The RFP is available on the school district's website. Registration is required. Proposals are due by 2 p.m. CDT on Aug. 17. Finalist interviews are tentatively scheduled for October and November, with a contract start date of July 1.

Investment consultant RVK is assisting. Officials at RVK could not immediately be reached for additional information.