Chicago Board of Education is searching for a single record keeper for Chicago Public Schools' 403(b) and 457 plans.
The board launched the search with the goal of consolidating the plans to a single vendor from the three record keepers the plans currently offer, spokesman Michael Passman confirmed. AIG Retirement Services, Empower Retirement and Voya Financial are the current record keepers and all are eligible to bid for the services, he said.
As of Sept. 30, the plans had combined assets of $1.7 billion.
The RFP is available on CPS' procurement website. Registration is required. Proposals are due at 2 p.m. CDT on April 9. A timeline for a selection was not provided.