Ann Arbor (Mich.) Employees' Retirement System will launch a search in 2023 for a record keeper for the city's $103 million 457 plan and $4 million 401(a) plan.
The system's board will issue an RFP due to the upcoming expiration of current record keeper MissionSquare Retirement's contract, said Wendy Orcutt, executive director, in email.
The firm will be invited to rebid, she said. A timeline for the search has yet to be determined, and the board will establish the timeline in the next month or so, Ms. Orcutt said.
The city of Ann Arbor posts RFPs on the BidNetDirect procurement website.
Investment consultant Innovest Portfolio Solutions will assist with the search.
