Capital Metropolitan Transportation Authority, Austin, Texas, rehired Cornerstone Advisors as investment consultant for its defined benefit pension plan and three 401(k) plans, according to a contract posted on procurement website Onvia DemandStar.
The DB pension plan, which has about $14 million in assets, has an asset allocation of 48.25% domestic equity, 37.45% domestic fixed income and 14.3% international equity. The 401(k) plans, with about $15 million in combined assets, have the same 16 investment options, in addition to a series of retirement income funds.
An RFP was issued Nov. 30.
Spokeswoman Francine Pares could not be reached.