Knoxville (Tenn.) Deferred Compensation Plan is searching for a record keeper, said Kristi Paczkowski, member of the deferred compensation committee and executive director of the $540 million Knoxville City Employees' Pension Fund.
The $35 million 457 plan issued an RFP due to the pending expiration of current record keeper Prudential Financial's contract on Feb. 28, 2015. Prudential is invited to rebid, Ms. Paczkowski said.
The RFP is available on the city's website. Proposals are due at 11 a.m. EDT on Sept. 16. Ms. Paczkowski was unaware of the specific timeline but said the committee hopes to complete the process “as soon as possible.”