North Wales, Pa., police pension plan hunts for manager, administrator
By Rob Kozlowski | March 5, 2013 1:18 pm
Borough of North Wales (Pa.) Police Defined Benefit Plan is searching for an investment manager and plan administrator, confirmed Nathaniel J. Dysard, borough manager.
The $1 million pension fund's current manager and administrator is Univest Bank, which is invited to rebid. Mr. Dysard said in a telephone interview that the borough issued the RFP to explore its options in getting the best returns for the plan.
The RFP is available on the borough's website. Proposals are due on March 25. A firm is scheduled to be selected by April 23.