Pasadena casts net for investment consultant for 457 plan

Pasadena, Calif., is searching for an investment consultant for its $250 million 457 plan, said Matthew Hawkesworth, city finance director, in an email.

The city has issued an RFP because it has been more than five years since the city last put the services up for bid, Mr. Hawkesworth said. Current consultant Hyas Group is invited to rebid.

Proposals are due at 4 p.m. PST on Feb. 23. A decision is expected sometime in May.

The RFP is available on the city’s procurement website. Registration is required.