Maine Length of Service Award Program Deferred Compensation Board, Augusta, is searching for a third-party administrator for the 457 plan.
The board is seeking a firm to provide record keeping/administration, communication and education, custodial trustee services and an investment management platform, according to an RFP posted on Maine's procurement website.
The LOSAP was created by state legislation in 2015 for state firefighter and EMS personnel.
According to the LOSAP website, while a board of seven trustees was formed in 2017 for the 457 plan, there had been no state funding available to launch the program.
Further information on the program was not immediately available.
The RFP is available on Maine's procurement website. Proposals are due at 11:59 p.m. EST on Dec. 17. A timeline for a selection was not provided.
Frederick Brewer, member of the board and the RFP coordinator, could not be immediately reached for further information.