Searches and Hires

Traverse City, Mich., seeks first investment consultant for 457(b) plans

Traverse City, Mich., is looking for its first investment consultant for its two 457(b) plans with total assets of $20 million.

The search is being conducted to comply with the city's fiduciary responsibilities relating to the 457 plans, said Deputy Treasurer James Henderson in an email.

The RFP is available on the city's website. Proposals are due by 2:30 p.m. CDT June 11. A selection is expected to be made June 18, with the consultant expected to begin work on July 1.