Glendale targets Hyas Group as 457 plan consultant

Glendale (Ariz.) Deferred Compensation Committee recommended hiring Hyas Group as investment consultant of the $89 million 457 plan, said Crista Clevenger, city contract analyst.

The city issued an RFP in August for a consultant due to the pending expiration of incumbent consultant SST Benefit Consultant’s contract. NFP Corp., which acquired SST in September, did rebid for the services. There were no finalists.

The Glendale City Council is due to vote on final approval for the hiring on Dec. 20.