Recording Keeping 457 Plans for City of Aurora - RFP
| Location: | Illinois |
|---|---|
| Posted: | Dec 23, 2025 |
| Due: | Jan 23, 2026 |
| Agency: | City of Aurora |
| Type of Government: | State & Local |
| Category: |
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| Publication URL: | To access bid details, please log in. |
Project ID:
Title: Recording Keeping 457 Plans for City of Aurora - RFP
Addenda: 0
Release Date: 12/23/2025
Due Date: 1/23/2026
Post Information
Sealed Bid Process:Yes (Bids Sealed / Pricing Sealed)
Private Bid:No
Overview
Summary
The City of Aurora, IL is issuing a recordkeeping RFP for its 457 plans. The current plans may be consolidated or retained, pending RFP results.
The City of Aurora, IL is currently evaluating its 457 offerings. There are 5 total plans eligible for group wire. If changes are to be made, the City will need a partner that meets the following criteria:
- An accountable, responsive, communicative single point of contact with the flexibility to deliver quick turnarounds.
- An engaging participant website/app with tools to help participants make sound decisions regarding their financial future and retirement.
- The City outsources 100% of administrative work (ex., hardships, loans, QDROs etc.) to the recordkeeper.
- Creative, innovative, and cost-effective ways to communicate with participants
Background
Please see the following details for more information.
Client Location: Aurora, IL
Creative Planning MD: Vince Allegra
Creative Planning MD Office: Chicago
Creative Planning Consultant: Jenni Friedman
Creative Planning Consultant Office: Chicago
Timeline
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