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February 23, 2023 01:31 PM

Connecticut town seeks record keeper for 401(a), 457 plans

Rob Kozlowski
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    Berlin, Conn., is searching for a record keeper for the town's $47 million 401(a) plan and $2 million 457 plan.

    The town is seeking a record keeper for those plans that would also provide investment management services for the town's $3 million pension plan, said Tyler Polk, partner and senior consultant at investment consultant Fiducient Advisors, which is assisting with the search, in an email.

    Current provider MissionSquare Retirement is eligible to rebid, Mr. Polk said.

    The RFP is available on the town's website. Proposals are due at 10 a.m. EDT on March 17. A selection is expected sometime in April.

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