Deferred Compensation
The district issued a similar RFP for the services in 2021.
The deferred compensation plan received four proposals in response to an investment consultant RFP issued last month.
The authority is seeking a firm to provide retirement plan assessment, fiduciary review and benchmarking, among other responsibilities.
The city may be establishing a new 457(b) plan, replacing an incumbent administrator or formalizing an existing arrangement.
The deferred compensation plans currently work with Empower and Nationwide Retirement Solutions.
Hesitation around artificial intelligence has evaporated rapidly among defined contribution consultant and advisory firms in the past year, according to a recent study.
The township is looking to consolidate its 457 plan providers to one firm from two.
The plans considered replacing their underperforming balanced fund manager earlier this month.
The deferred compensation plan currently works with general investment consultant Creative Planning Institutional Advisors.
The incumbent firm has provided the services since 2022 and is invited to rebid.
