Westminster, Colo., is searching for a record keeper for its $260 million 401(a) plan and $86 million 457 plan.
The city is seeking a firm to provide the services for the plans because current record keeper Empower Retirement’s contract is expiring, according to an RFP posted on the BidNet Direct procurement website.
The RFP does not disclose whether Empower Retirement is eligible to rebid. City officials could not be immediately reached for further information.
The selected record keeper would also provide services for its $28 million 401(h) retirement medical savings account.
The RFP is available on BidNet Direct. Registration is required. Proposals are due by 5 p.m. MST on Jan. 27. A timeline for a selection was not provided.
