Los Angeles County Deferred Compensation Plans issued an RFP for stable fund consultants, one each for its $5.5 billion 457 plan and $1.5 billion 401(k) plan, said William Yuen, finance analyst.
The contract of Mercer, which had advised both plans, expires Dec. 31. The firm can rebid, Mr. Yuen said.
The RFP is available at http://camisvr.co.la.ca.us/lacobids/BidLookUp/BidOpenStart.asp. Responses are due Dec. 22 by mail to County of Los Angeles DC Plans, c/o Treasurer and Tax Collector, 500 W. Temple St., Room 432, Los Angeles, CA 90012; Attn.: Teresa Gee.
Selections could be made as early as Jan. 28.
Further information can be obtained by contacting Mr. Yuen in the county treasurer and tax collector’s office at [email protected] or 213-974-6801.
As of Oct. 31, the deferred compensation plan had $2.6 billion in its Stable Income Fund; the savings plan had $654 million in its Stable Value Fund.