Pinecrest, Fla., casts net for investment consultant for 401(a), 457 plans

Pinecrest, Fla., is searching for an investment consultant for its 401(a) plan and 457 plan, according to a request for quotes posted on the village’s website.

The village is seeking to review and evaluate the retirement plans and help determine “whether these retirement plan offerings are being managed under well-documented ‘best practices’ relating to fees, investments, participant education and administration, on behalf of eligible employees and retired participants,” the RFQ said.

Whether the village currently has a consultant could not be immediately learned. The consultant would also advise on a Roth IRA plan and a dormant retirement health savings plan.

The plans have combined assets of $19 million.

The RFQ is available on the village’s website. Proposals are due at noon EDT on May 5. A timeline for a decision was not provided.

Zobeyra Vargas, administrative assistant in the office of the village manager, declined to provide further information.