Garden City, N.Y., is searching for a record keeper for its $35 million 457 plan.
The village has launched a search for a firm to provide record keeping, administration, investment management and trustee services for the plan for due diligence purposes, according to an RFP posted on the state of New York's procurement website.
Nationwide Financial is the current record keeper; whether the firm is invited to rebid could not be immediately learned.
The RFP is available on New York's procurement website. Registration is required. Proposals are due at 4 p.m. EDT on June 3. A decision is expected on July 29.
Investment consultant Centurion Group is assisting.
Courtney Rosenblatt, village auditor, and Travis Swartwood, fiduciary consultant-retirement services at Centurion Group, could not be immediately reached for further information.
