Searches and Hires

Tempe, Ariz., seeks record keepers for 2 DC plans

Tempe, Ariz., is searching for record keepers for its $113 million 457 plan and $61 million 401(k) plan, an RFP posted on the city's procurement website shows.

The current record keeper for both plans is Nationwide Financial. The city is also seeking a record keeper for its $26 million health reimbursement arrangement plan; Voya Financial is the current record keeper for that plan.

Whether the current record keepers are eligible to rebid could not be immediately learned.

The RFP is available on the city's procurement website. Registration is required. Proposals are due at 3 p.m. MST on March 14. Finalist interviews are tentatively scheduled for the week of May 20.

Investment consultant Hyas Group is assisting.

Kim Shelley, procurement officer, could not be immediately reached to provide further information.