Chicago Metropolitan Pier and Exposition Authority casts net for investment consultant
By Kevin Olsen | October 30, 2012 2:41 pm
Metropolitan Pier and Exposition Authority, Chicago, is searching for an investment consultant for all three of its retirement plans, confirmed Nancy Quoss, director of procurement.
Incumbent Segal Rogerscasey is invited to rebid. Its contract expires Jan. 31. The authority's defined benefit plan has about $75 million in assets; the 457 plan, $26 million; and the 401(a) plan, $100,000. Both DC plans have the same 17 investment options.
The RFP is available on the authority's procurement website at www.mpea.com/doing_business/pdf/RetirementPlanFinancialConsultingServices_RFP_2012_05_M.pdf.
Proposals are due at noon CST Nov. 30. Interviews are expected the week of Jan. 14, with a hiring decision in February.
Separately, the authority hired Great-West Retirement Services as bundled provider for the 457 and 401(a) plans, Ms. Quoss said. Great-West replaces The Hartford.
An RFP was issued in August.
Ms. Quoss did not know the reason for the change, but in March Hartford put up for sale its record-keeping business and in September, announced a deal with MassMutual.