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The plan narrowed the search to the top two scoring firms.
The fund is seeking investment consultants to manage its approximately $23 million in assets.
Plan shifted its emerging markets equity allocation to an active manager at the end of 2020.
The departures are a result of the liquidation of several H2O funds managed by the outgoing personnel.
The fund approved the addition of an active fixed-income manager to its lineup at a meeting yesterday.
The investment will provide Monroe with additional resources to pursue strategic initiatives as it continues alignment with clients, the firm said.
The plan is looking to invest $10 million in a diversified strategy.
The plan rehired its consultant to a new three-year contract.
He assumed the role of asset management co-head on Jan. 1.
He will serve as a member of the firm’s North America services group and is based in Menlo Park, Calif.
