Lansing (Mich.) Deferred Compensation Committee is searching for two record keepers for the city's 457 plan.
The committee is seeking two firms to provide "record keeping and administration, employee communication and education, custodial trustee/investment management and employer education services," according to an RFP posted on the state of Michigan's procurement website.
The current record keepers are T. Rowe Price Group and Voya Financial. The plan's asset size, and whether the firms are invited to rebid, could not be immediately learned.
The RFP is available on the state of Michigan's procurement website. Registration is required. Proposals are due at 2 p.m. EST on Feb. 28. A timeline for a decision was not provided.
Karen E. Williams, the city's retirement analyst, could not be immediately reached to provide further information.