A Midwest retirement system is seeking consulting services on behalf of its deferred compensation plan.
The retirement system will also announce a new executive director next week.
The plans currently work with general investment consultant Innovest Portfolio Solutions.
The incumbent consultant was awarded a new eight-year contract.
The plan’s board will vote on a recommendation at a meeting later this month following finalist interviews this week.
The university is considering extending the general investment consultant’s contract for an additional one-year period.
The trust last conducted a similar search in 2020.
The plan hired a new firm in its general investment consultant search.
The defined contribution plan has issued an RFP seeking investment consulting services.
The plan most recently renewed its general investment consultant contract in August 2022.