MetroHealth System, Cleveland, is searching for a record keeper for its deferred compensation plan, an RFP posted on the system's procurement website shows.
The system is seeking a record keeper as part of its effort to conduct "due diligence on its existing and potential providers with the objective of retaining or replacing its current full-service retirement plan providers for its 457-deferred compensation plans and will be exploring a 403(b) plan in the future," the RFP says.
The current record keepers are Lincoln Financial Group and Pacific Life. Employees will still have the option of participating in the $14 billion Ohio Public Employees Deferred Compensation Program, Columbus.
The plan's asset size, and whether current record keepers are eligible to rebid, could not be immediately learned.
The RFP is available on the system's procurement website. Registration is required. Proposals are due at 1 p.m. EDT on Oct. 30. A decision is expected Jan. 24.
MetroHealth spokeswoman Hyla Winston could not immediately provide further information.
