Searches and Hires

Florida State Board of Administration seeks record keeper for 401(a) plan

Florida State Board of Administration, Tallahassee, is searching for a record keeper for the $11.1 billion Florida Retirement System Investment Plan, spokesman John Kuczwanski said in an email.

The board, which oversees the 401(a) plan, issued an invitation to negotiate because the contract of current record keeper Alight Solutions will expire on June 30, 2020. Alight is invited to rebid.

The plan has 22 investment options and a customized target-date fund lineup.

The ITN is available on the board's website. Proposals are due at 5 p.m. EST on Feb. 4. A selection is scheduled for April 5, with a contract start date of July 1, 2020.