Searches and Hires

Raleigh looking for investment consultant for DC plans

Raleigh, N.C., is searching for an investment consultant for its 457 and 401(a) plans, according to an RFP posted on the city's procurement website.

The city is seeking proposals from "qualified firms that provide professional consulting services to government entities in order to guide and support the city in its investment of supplemental retirement plan," according to the RFP. The plans consist of a 401(a) money purchase plan and 457 deferred pay plan, which have combined assets of $149 million. Information on a current consultant could not be immediately learned.

Proposals are due at 5 p.m. EST on Nov. 13. Finalist presentations are tentatively scheduled to take place between Nov. 29 and Dec. 8, with a decision expected shortly thereafter.

The RFP is available on the city's procurement website.

Jennifer Shonebarger, treasury analyst for the city, could not be immediately reached to provide further information.