New Jersey Transit Corp., Newark, is searching for an investment consultant for its 401(k), 401(a) and 457 defined contribution plans, confirmed spokesman William Smith.
Incumbent Glading Group is invited to rebid. Glading's contract expires Sept. 30.
The DC plans have a combined $760 million in assets, and each plan has the same 17 investment options in addition to three risk-based portfolio options. Great-West Retirement Services is the current bundled provider.
The RFP can be obtained by e-mailing [email protected]. Proposals are due at noon EDT Sept. 10. A hiring decision is expected Sept. 27.