Los Angeles County Deferred Compensation and Thrift Plan issued an RFP for one or two general investment consultants, and plan officials also plan to issue an RFP for a GIC consultant, said Teresa Gee, administrator for the $3.9 billion fund.
Mercer Investment Consulting and Evaluation Associates are the incumbent general consultants; Mercer's contract expires June 30, and Evaluation Associates' contract expires Dec. 31. Both were invited to rebid, Ms. Gee said. The RFP is available at the plan's website, www.lacounty.info. Proposals are due May 18, and a selection is expected June 2.
Mercer also serves as the plan's GIC/stable income fund consultant; that contract is up Aug. 31. The RFP will be available on the website next month, Ms. Gee said, and a selection is expected before the end of August. The plan has $766 million in GICs and $1.9 billion in stable income.