Metropolitan Pier and Exposition Authority, Chicago, is searching for a third-party administrator for its 401(a) and 457 plans.
The authority, which owns and operates Chicago's McCormick Place and associated venues and also owns Navy Pier, is seeking an administrator to provide record-keeping services and be responsible for other services, including enrollment and investment options, confirmed MPEA spokeswoman Cynthia McCafferty in an email.
The current administrator is Equitable Holdings. Ms. McCafferty said all firms are invited to bid for the services.
The 401(a) and 457 plans, which have a combined $27 million in assets, share an investment options lineup consisting of 13 individual mutual funds along with a Vanguard Group target-date fund series.
The RFP is available on the authority's website. Proposals are due at noon CDT on Sept. 12. A selection is expected in November.
