Guilford, Conn., is searching for a record keeper for its $10 million 457 plan and $9 million 401(a) plan.
The town issued an RFP because it is interested in consolidating to a single record keeper, said Scott Boulton, principal and senior consultant at investment consultant Fiducient Advisors, which is assisting with the search.
MissionSquare Retirement is the record keeper for the 401(a) plan, and Corebridge Financial and Lincoln Financial Group are the record keepers for the 457 plan. All are eligible to rebid, Boulton said.
The RFP is available on the town’s website. Proposals are due by 9:30 a.m. EDT on Aug. 14. A timeline for a selection was not provided.
