Phoenix Employees' Deferred Compensation Board issued an RFP for an investment consultant, confirmed Kathy Schelbrock, senior human resources analyst for the city.
The contract of current consultant R.V. Kuhns & Associates, which is invited to rebid, expires on Aug. 31. The city requires the board to put the services out to bid at least every five years, according to Ms. Schelbrock.
The board oversees the city's $1 billion 457 plan and $258 million 401(a) plan.
The selected firm would begin a three-year contract, with two one-year extension options, on Sept. 1.
The RFP is available from the city's website. Proposals are due at 3 p.m. MDT on May 8. Finalist interviews are tentatively scheduled for the week of July 1, with board selection tentatively scheduled for July 18.