Essentia Health picks DiMeo Schneider as consultant for DC plans

Essentia Health, Duluth, Minn., hired DiMeo Schneider & Associates as investment consultant for its $1.1 billion 401(k) plan and $98.3 million 403(b) plan, said Joshua T. Elleson, program manager, retirement plans, in an e-mail.

An invitation-only search was launched in September using InHub’s eRFP tool.

The other finalists were Verus Advisory and Mercer.