Seattle is searching for a record keeper and custodian for its $1.5 billion 457 plan.
The city has issued an RFP due to the upcoming expiration of current provider Nationwide Financial's contract, said Ted Grigsby, senior consultant at investment consultant Hyas Group, which is assisting with the search.
Grigsby would not say whether the firm, which was hired in 2015 to succeed Prudential Financial as the plan's record keeper, would be invited to rebid.
The RFP will be available imminently on the city's procurement website, he said. Proposals are due at noon PDT on Oct. 27. A selection is expected sometime in February.
