Little Rock (Ark.) Non-Uniform Employees Pension Plan rehired Stephens as investment consultant, confirmed James Bradshaw, risk manager in the city's human resources department.
The retirement plan has two components — a $10.5 million defined benefit plan for employees hired before Dec. 31, 1977, and a $39 million defined contribution plan for non-uniform employees hired since then.
An RFP was issued Jan. 31.
Stephens will also be tasked with determining the feasibility of combining administration of the retirement plan with several 457 plans, and self-directed 401(a) plans available for division managers and department directors. Those plans together represent an additional $35 million to $40 million in assets.