The State of Wyoming issued a Request for Proposal (RFP) for a defined contribution provider for the Wyoming Retirement System 457(b) Deferred Compensation Plan. The RFP was issued to perform a competitive market review of the services and fees offered by recordkeepers. The contract was awarded to Empower, and the notification serves as intent to award. The scope of work includes providing services to the Wyoming Retirement System 457(b) Deferred Compensation Plan. Key points to consider:
• The RFP was issued to review the services and fees offered by recordkeepers.
• The contract was awarded to Empower.
• The scope of work includes providing services to the Wyoming Retirement System 457(b) Deferred Compensation Plan.
• A representative from the Deferred Compensation Office will contact Empower to begin contract discussion.