The California State Teachers' Retirement System has released their first Request for Proposal for their 403(b) and 457(b) programs (collectively named Pension2) since 2006.
Submissions are due by December 19th, 2013. Vendors interested in bidding on the program may find the information they need here.
The incumbent recordkeeper is TIAA-CREF and they are eligible to bid.
As part of the background CalSTRS states:
CalSTRS administers a hybrid retirement system which includes a defined contribution program, known as Pension2, to complement the defined benefit members receive as their primary means of retirement. Pension2 allows certified and classified California school employees to set aside savings in low-cost, flexible funds selected by CalSTRS. Pension2 offers several investment choices to certified and classified California school employees: 403(b)(7), Roth 403(b)(7) and 457(b). As of September 30, 2013, Pension2 has over 10,000 participants with over $500 million in assets.
Meridian Fiduciary Consulting (of Meridian Wealth Management, my firm) is the consultant.
Scott Dauenhauer, CFP, MSFP, AIF