Collier County, Naples, Fla., is searching for a record keeper for its $61 million 457 plan.
The county launched a search for a single record keeper to lower transactional expenses and fees, according to an RFP posted on the BidSync procurement website.
ICMA-RC and Nationwide Financial are the plan's current record keepers; whether both are invited to rebid could not be immediately learned.
The RFP is available on the BidSync procurement website. Registration is required. Proposals are due at 10 a.m. EST on Dec. 13. A timeline for a decision has yet to be determined.
Investment consultant Montgomery Retirement Plan Advisors is assisting.
Viviana S. Giarimoustas, procurement strategist for the county, could not be immediately reached to provide further information.
