New York City Deferred Compensation Plan on April 15 will issue an RFI for a firm to provide a self-directed brokerage option, said Dean Weltman, plan compliance officer. Officials for the $4 billion plan said participants have requested the options, according to Mr. Weltman. An RFP should be issued in July, after studying RFI responses. RFP proposals will not be considered from firms that didnt respond to the RFI, explained Mr. Weltman.
The RFI will be available from the plans website, www.nyc.gov/deferredcomp; responses are due May 20.
Mercer Investment Consulting is assisting.