Central Lincoln People’s Utility District, Newport, Ore., is searching for a record keeper for its $13 million 457 plan and $1 million 401(k) plan.
The electric utility is conducting the search because it had been more than a couple of years since the services had been put up for bid, said Vincent Galindo, senior consultant at Hyas Group, which is assisting with the search.
Current record keepers Great-West Financial Retirement Services, one of the predecessor firms of Empower Retirement, and Nationwide Retirement Solutions are invited to rebid.
The RFP can be obtained by e-mailing Mr. Galindo at [email protected] or calling 503-929-9402. Proposals are due by 2 p.m. PST on Dec. 29. Finalist interviews are scheduled for Feb. 26, with a decision expected shortly thereafter.