Searches and Hires

Capital Metropolitan Transportation Authority seeks bundled provider for DB, DC plans

Capital Metropolitan Transportation Authority, Austin, Texas, is searching for a bundled provider for its $30 million defined benefit plan, $20 million 401(a) plan and $1 million 457 plan.

According to an RFP posted on the PlanetBids procurement website, the authority is seeking a "full scope of retirement plan services" for the plans including "open architecture institutional investment fund menu, trust and custodial services, record-keeping services, actuarial services for the pension plan and other related services." The RFP lists Lincoln Financial Group as the record keeper for all plans; whether the firm is eligible to rebid could not be immediately learned.

The RFP is available on PlanetBids. Registration is required. Proposals are due 3 p.m. CDT on June 5. A timeline for a decision was not provided.

Tracee Metterle, buyer for the authority, could not be immediately reached to provide further information.