Town of Colonie, Newtonville, N.Y., is searching for a bundled provider for its $56 million 457 plan.
The town is seeking proposals from firms that can provide third-party administration, custodial and trustee services for the plan, according to an RFP on the BidNet Direct procurement website.
The RFP does not disclose whether current provide Empower Retirement is eligible to rebid for the services.
The RFP is available on BidNet Direct. Registration is required. Proposals are due by 2 p.m. EST on Jan. 21. A timeline for a selection was not provided.
William Jenkins, the town’s director of purchasing and general services, could not be immediately reached for further information.
