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With respect to the RFP, is there a conflict between moving away from transactional work and the presidents role as guardian of the public trust?

April 26, 2017away conflict Guardian moving president respect RFP transactional

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With respect to the RFP, is there a conflict between moving away from transactional work and the presidents role as guardian of the public trust?

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The President is the plan administrator with fiduciary responsibilities and so is accountable regardless of who does the transactional work. Because of that, if the decision is made to work with a business partner we would retain some costs at OP for additional vendor management oversight.