Searches and Hires

Atlanta relaunches investment consultant search for DC plans

Atlanta has reissued an RFP for an investment consultant for its 401(a) and 457 plans, said an RFP posted on the city's procurement website.

The city originally issued an RFP in July 2017 for a consultant to evaluate the plans, their investment options, and whether multiple providers or a single provider would be best. A February email from contracting officer Marie Spence said the original solicitation was canceled "in the best interest of the city." She would not provide further information on the search, such as the name of the current consultant and whether it is invited to rebid, because she said the city was going to reissue the RFP and a blackout period was still in effect.

As of June 30, 2017, the plans had combined assets of $145 million, according to the city's most recent comprehensive financial annual report. The plans' record keeper is Voya Financial.

The RFP is available on the city's procurement website. Proposals are due at 2 p.m. EDT on May 22. A timeline for a decision was not provided.

Ms. Spence declined to provide further information.