Los Angeles Unified School District seeks consultant for DC plans

Los Angeles Unified School District is searching for an investment consultant for its 403(b) and 457 plans, according to an RFP posted on the school district’s website.

The school district issued an RFP for an investment consulting firm to provide “guidance/support, ensuring compliance and advice to the chief financial officer, the chief risk officer, the retirement investment advisory committee and benefits administration staff on compliance matters relating to the Internal Revenue Services regulations and on fund performance,” according to the RFP.

SST Benefits Consulting is the current investment consultant; whether the firm can rebid could not be learned by press time. The firm had been rehired during the district’s previous RFP process for the services in 2012.

Proposals are due at 2 p.m. PDT on April 10. Finalist interviews are scheduled for May 1, with board of education approval scheduled for June 13. A three-year contract with two optional one-year renewals is scheduled to begin on Oct. 1.

The RFP is available on the school district’s website.

The 457 plan has about $100 million in assets. The asset size of the 403(b) plan was not available by press time.

Janice J. Sawyer, chief risk officer, did not return a phone call seeking further information by press time and Julie Woessner, assistant contract administration manager, would not provide further information.