Citizens Information Board, Dublin, is searching for a multiemployer plan provider to set up and manage the retirement assets of its contractor companies' employees, a spokeswoman said.
CIB, Ireland's governmental body, which provides information, advice and advocacy on public and social services, has 22 supplier companies for which it will provide a retirement plan.
The selected provider will supply an outsourced, cost-effective multiemployer plan solution, known as a master trust, to manage the retirement assets for employees of these companies. The value of retirement assets could not be learned.
Candidates are expected to have at least a three-year track record and must outline their investment approach to environmental, social and governance factors and risks.
CIB is expected to move 600 plan participants to the master trust. Its value is expected to reach €20 million ($24 million) within the first year. All employees will be enrolled into the default option.
The contract will last three years with an optional one-year extension.
Applications should be sent by 3 P.M. GMT on May 6 via an Irish procurement website.
