Deferred Compensation
City council approved the hire of the plans’ first investment consultant after receiving five responses to an RFP issued in October.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The city is conducting the search on behalf of its $17.8 million deferred compensation plans.
The deferred compensation plan last conducted a search for the services in 2018.
The city is considering consolidating its two deferred compensations plans into a single one.
The city is seeking the services on behalf of its $8 million 457 deferred compensation plan.
A Texas-based deferred compensation plan will review emerging markets equity managers to replace its incumbent mandate this week.
Authority expects to award a contract with a selected firm on Friday for services on behalf of its 457(b), 401(a) and retirement health savings plans.
The 457(b) and 401(a) plans are in the market for record keeping/administration, communication/education and custodial trustee services.
The plan also added a second bond fund option for participants last quarter.