Metropolitan St. Louis Sewer District is searching for an investment consultant for its $229 million defined benefit pension plan and $40 million 457 plan, confirmed spokesman Lance LeComb.
An RFP was issued due to the pending contract expiration of current consultant NEPC, which is invited to rebid.
The consultant would also assist on a defined contribution plan for participants hired after Jan. 1, 2011, which has slightly less than $1 million in assets.
The RFP is available on the sewer district’s website. Proposals are due at 10 a.m. CDT on June 18. Final interviews, if necessary, are tentatively scheduled for the week of June 24, with a hiring decision expected on July 12, on which the board of trustees would vote Sept. 12.