St. Petersburg, Fla., is searching for a general consultant for its $81 million 457 plan and $22 million 401(a) plan, confirmed Cindy Brickey, city procurement analyst.
The chosen consultant will review and recommend modifications to the plans “regarding compliance, administration and investment management,” according to an RFP.
Consultant PFM Asset Management's contract expires July 31; the firm can rebid, Ms. Brickey wrote in an e-mail.
ICMA-RC is third-party administrator for both plans.
The RFP is available from the city's website.
Proposals are due at 3 p.m. EDT on June 12. Finalist presentations are scheduled for June 28, with a recommendation scheduled for July 9 and city council approval on Aug. 16.
