The village expects to select a firm at its Aug. 4 board meeting.
The retirement system will interview two growth and two value finalists next month.
The retirement board last rehired its incumbent following its last search in 2018.
The retirement system approved the RFP at yesterday’s board meeting.
The city received five proposals in response to a retirement plan provider RFP issued in September.
The retirement system’s ad hoc search committee will conduct on-site visits with three firms in June.
The retirement system is looking to invest $15 million with a core investment grade manager.
The trust previously rehired its provider in 2019 after a similar RFP process.
The retirement system will launch the search soon for pacing purposes.
The retirement plan interviewed the firm in closed session at today’s board meeting.