Henrico County, Va., is searching for an investment consultant for three defined contribution plans, confirmed Cecelia Stowe, purchasing manager.
The county's 457(b) government plan has about $110 million in assets and does not currently have a consultant. The Henrico County Public Schools system administers 457(b) and 403(b) plans with a combined $93 million in assets. CAPTRUST Financial Advisors is the consultant for the school plans and is invited to rebid.
The RFP is available on the county website. Proposals are due at 2 p.m. EDT May 3. Interviews will take place in May, with a hiring decision expected by the end of June.
Ms. Stowe said additional information would not be provided.
