Deferred Compensation
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.
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.