Florida State Board of Administration, Tallahassee, is searching for an investment education provider for its $11.1 billion 401(a) plan, an invitation to negotiate posted on the board's website shows.
The selected provider will assist new employees, who have the choice in their eighth month after being hired to join the 401(a) plan or the $163.2 billion Florida Retirement System; assist 401(a) plan participants with how to invest the assets in their accounts; and provide ongoing education about retirement planning. The name of the current provider and whether it is eligible to rebid could not be immediately learned.
The ITN is posted on the board's website. Responses are due at 5 p.m. EST on March 4. A selection is expected on May 7.
John Kuczwanski, FSBA spokesman, could not be immediately reached to provide further information.