The administrator would be responsible for a deferred compensation plan and a health savings plan.
The plan’s board is slated to approve Wilshire as its new general investment consultant this week.
The position was created by city council in 2022.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The search is for value-add managers to handle up to $7 million.
The asset class will represent a new investment for the plan.
The plan discussed three commitments last quarter totaling $75 million.
The strategic plan calls for committing $300 million to the asset class.
The plan approved an RFP seeking value-add real estate managers to handle $7 million.
The search comes as the incumbent’s contract is set to expire at the end of the year.