Deferred Compensation
The city is seeking bundled services on behalf of its $305.9 million deferred compensation and $2.1 million defined contribution plans.
The agency received three proposals in response to its investment advisor RFP.
The agency’s plans hired their first investment consultant following a search process conducted in 2018.
The plan will also receive a domestic large-cap growth equity manager search report next week.
The city is seeking to consolidate to a single bundled services provider from its current four.
The deferred compensation plan made the decision last quarter after reviewing four potential replacement options.
The city is seeking record keeping services on behalf of its $3.75 million 457(b) retirement plan.
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.