Port of Seattle hired Hyas Group as investment consultant for its 457 and 401(a) plans, confirmed Brian Knight, senior manager, service agreements.
An RFQ was issued in November because of the pending contract expiration of incumbent investment consultant Mercer, which was the other finalist.
The plans are the $103 million Port of Seattle 457 Deferred Compensation Plan, $13 million Port of Seattle 401(a) Supplemental Plan for Salaried Employees, $9 million Port of Seattle Fire Fighters' 401(a) Retirement Plan and Trust, $8 million Port of Seattle Police 401(a) Retirement Plan and Trust and the 401(a) Qualified Port Executive Plan and Trust, for which assets were not available.
