The Golden Gate Bridge, Highway and Transportation District plans to bring in a consultant to review the role of the deferred compensation plan’s two providers, Nationwide Financial Services and ICMA-RC, and the underlying funds offered through those providers, said spokeswoman Mary Currie.
The district does not now have a consultant for the $41.6 million plan. “As the financial picture becomes more and more competitive, we want to make sure we’re offering the best options to our employees,” she said.
The San Francisco-based district received bids from Arnerich Massena & Associates, SST Benefits Consulting & Insurance Services, PFM Asset Management and SageView Advisory Group, in response to an RFP issued Aug. 26. Ms. Currie declined to say which firms were interviewed.
Staff expects to make a recommendation to the board Oct. 24.
Milly Stanges, spokeswoman at IMCA-RC declined to comment. Chad Green, spokesman at Nationwide, could not comment before press time.
