Deferred Compensation
The decision to transition the plan follows an investment advisor RFQ launched earlier this year.
The plans last rehired their incumbent to a one-year contract following a search process completed in 2024.
The city hired its incumbent firm following a similar search process conducted in 2017.
The township is seeking record keeping, investment management and education services on behalf of its deferred compensation plans.
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.