Searches and Hires

Chicago water district searching for bundled provider for 457 plan

Chicago Metropolitan Water Reclamation District is searching for a bundled provider for its $267 million 457 plan, said James E. Fisher, compensation and benefits manager.

The district issued an RFP because the contract of current provider Prudential Retirement will expire Dec. 31; the firm is invited to rebid.

The plan has 14 core investment options, a self-directed brokerage option and a target-date fund lineup.

The RFP is available on the district's website. Proposals are due at 11 a.m. CST on March 1. A contract is scheduled to be awarded on June 6.

Investment consultant Segal Marco Advisors is assisting.