Searches and Hires

Suffolk County looking for 401(a) plan provider

Suffolk County, Yaphank, N.Y., is searching for a bundled provider for its $10 million 401(a) plan, said an RFP posted on the county's purchasing website.

The county issued an RFP because the current provider's contract expires on Dec. 31. The name of the current provider and whether the firm is invited to rebid could not be immediately learned.

The plan offers a stable value fund managed by PGIM, an active domestic large-cap equity fund managed by Capital Group and three target-date funds managed by J.P. Morgan Asset Management (JPM).

The RFP is available on the county's purchasing website. Registration is required. Proposals are due at 3:30 p.m. EDT on Oct. 11. A timeline for a hiring decision was not provided.

Thomas J. Malanga, intergovernmental relations coordinator, could not immediately provide further information.