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Board tables 401(a) provider RFP after staff flags outdated district reference in draft
Summary
Staff asked the board to table advertising a 401(a) retirement‑provider RFP because the draft included the wrong district reference; Casey asked for more time to correct the document and to distribute to targeted vendors such as Security Benefits, Voya and Everwise.
The Culver Community Schools board agreed to table a proposed RFP for 401(a) retirement providers after staff discovered the draft still included another district’s name and required additional edits.
Casey said the current 401(a) program places a 3% salary contribution into accounts administratively and is currently held with Voya, but some staff had complained about limited one‑on‑one service from that vendor. For accuracy and targeted outreach, Casey asked the board to delay action so the draft could be corrected and then sent to specific vendors, including Security Benefits (which holds a district 403(b)), Voya and Everwise. The board consented to table the item until the next meeting to allow staff time to revise the RFP.
Casey indicated she would both advertise the RFP broadly and send it directly to select vendors to encourage competition. No formal procurement action was taken at the meeting because the item was tabled.
