Knoxville (Tenn.) Deferred Compensation Plan is searching for an investment consultant, confirmed Janice McClelland, assistant purchasing agent for the city of Knoxville.
The $31 million 457 plan's current consultant, Raymond James, is invited to rebid. Prudential Financial is the plan's record keeper.
Proposals are due at 11 a.m. EDT on June 11. A timetable for a decision has yet to be determined.
The RFQ is available on the city's website.
A phone call to Michael Cherry, member of the deferred compensation committee and executive director of the $490 million Knoxville City Employees' Pension Fund, was not returned by press time.