Defined Contribution

Utah County seeks investment consultant for 4 DC plans

Utah County, Provo, Utah, is searching for an investment consultant for its four defined contribution plans, said an RFP on the county's procurement website.

The search is being conducted due to a policy that services be put out to bid every few years, said a purchasing official. Current consultant NFP is invited to rebid.

The county administers a supplemental 401(a) plan, a 401(k) plan, 457 plan and FICA Alternative Plan with $142.2 million in assets combined. Prudential Retirement is the record keeper for the plans. The selected consultant will also assist the county in its upcoming record-keeper search, which is also being conducted due to the county's policy that services go out to bid every few years. Prudential will be invited to rebid. Information was not immediately available on a targeted RFP release date.

The investment consultant RFP is available on the county's procurement website. Proposals are due by noon MDT on July 12. The targeted hiring date could not immediately be learned.