Delaware Office of the State Treasurer, Dover, is searching for at least one investment consultant for the state's three defined contribution plans, a 529 plan and an Achieving a Better Life Experience plan, said John Meyer, director of contributions and plan management, in an email.
The office issued an RFP because of the impending contract expiration of current consultant Cammack Retirement Group in January, Mr. Meyer said. The firm is invited to rebid.
The plans are the $692 million 457 plan, $686 million 529 plan, $296,000 ABLE plan, $124 million 403(b) plan and $22 million 401(a) plan.
According to the RFP posted on the state's procurement website, the state could hire more than one consultant to advise on the five plans, although no more than one would be hired to advise the three DC plans.
The RFP is posted on the state's procurement website. Proposals are due at 4 p.m. EDT on Nov. 1. A timeline for a decision has yet to be determined.