Arlington (Mass.) Contributory Retirement System is seeking custodial/master trust services for its $160 million defined benefit plan.
The search is being conducted to comply with state law requiring contracts to go out to bid every seven years, said Richard Greco, retirement administrator. State Street is the plan's current custodian and is welcome to rebid.
A copy of the RFP can be obtained by contacting Mr. Greco via email.
Proposals are due 4 p.m. EST Dec. 4. A selection is expected to be made at the board's Dec. 19 meeting.