Deferred Compensation
The county issued an RFP in February as part of a periodic review of its services.
The authority is seeking retirement investment advisor and consulting services on behalf of its $91 million defined contribution and $22.2 million deferred compensation plans.
The plan interviewed four finalists in the search last month.
City manager and council approval of a selected firm are scheduled for Aug. 10.
The search is on behalf of the authority’s money purchase pension plan and trust.
The city consolidated to one provider following a similar search process launched in 2015.
The defined benefit plans approved a contract with a new consultant after launching an RFP for the services last year.
The county 457 plan is on the lookout for third-party administrative services.
Blackstone will bring additional global scale and alternative asset leadership to Empower’s retirement plan private markets program.
The plans previously worked with Corebridge Financial.
