Washtenaw County, Ann Arbor, Mich., is looking for a “low-cost alternative provider” for its 457 plan, an RFP posted on the county’s website shows.
The county is looking for a “possible low-cost, low-fee alternative provider to serve as a supplement” to the current providers of administrative, custodial, educational, investment management, loan management and record-keeping services.
The county had issued an RFP in November for bundled providers and narrowed its previous list of five providers to two: the $9.1 billion Michigan Municipal Employees’ Retirement System, Lansing, and TIAA-CREF. The firm being sought now would be the third provider.
Proposals are due at 4 p.m. EDT on Aug. 28. Finalist presentations are tentatively scheduled for the week of Sept. 15, and implementation is scheduled for Nov. 2.
The RFP is available from the county’s website.
Phone calls to Kelly L. Belknap, county finance director; Monica L. Boote, retirement administrator; Diane M. Heidt, county human resources/labor relations director; and Angela O. Perry, county purchasing manager, were not returned by press time.