Auto Mechanics pick consultant to tune up pension plan
Automobile Mechanics, Local 701, Welfare and Pension Funds, Countryside, Ill., hired Strategic Capital Investment Advisors as investment consultant, confirmed Steve Bukovac, fund administrator.
The $800 million pension fund issued an RFP earlier this year. Other finalists were Dobbs Group at Graystone Consulting, NEPC and R.V. Kuhns.
The fund terminated Marquette Associates earlier this year because of performance. Patrick Krolak, managing director at Marquette, was not available for comment by press time.