Metropolitan Washington Airports Authority is searching for an investment consultant for its two defined benefit pension plans and 457 deferred compensation plan, confirmed spokeswoman Robert Yingling.
Incumbent Segal Rogerscasey is invited to rebid, and the RFP was issued because its contract is expiring. Mr. Yingling did not know the date it expires.
The two DB plans have a combined $190 million in assets with a target asset allocation of 30% domestic large-cap equity, 20% each fixed income and international equity, and 10% each domestic small-cap equity, convertible bonds and real estate.
The selected consultant will also be asked to conduct independent performance analysis of the authority's $134 million 457 deferred compensation plan, according to the RFP.
The RFP is available on the authority's website. Proposals are due at 2 p.m. EDT May 28. A hiring date is expected in late summer.