Torrington, Conn., issued an RFP seeking record-keeping services for its 401(a) and 457 plans, which have a total of $21 million in assets.
The city is seeking administrative, record-keeping, employee investment and retirement planning advisory services for the defined contribution plans, according to an RFP posted on the county's procurement website.
Great American, MissionSquare Retirement, Lincoln Financial, Nationwide Financial and Voya Financial are the plans' current record keepers. The city may select only one firm in its search. Whether these service providers are invited to rebid was not available.
The RFP is on the city's procurement website. Registration is required. Proposals are due 11 a.m. EDT on Aug. 2. A selection date was not disclosed.
Pennie Zucco, the city's purchasing agent, could not be immediately reached for additional information.