Chicago Transit Authority is searching for an investment consultant for its 457 and 401(k) plans, confirmed spokeswoman Catherine Hosinski.
Incumbent Retirement Plan Advisors is invited to rebid. Its contract expires in late December, Ms. Hosinski said in an e-mailed response to questions.
The two plans have a combined $368 million in assets and the same 30 investment options. ICMA-RC is the third-party administrator.
The RFP is available on CTA’s website. Proposals are due at 3:30 p.m. CDT Aug. 9. A hiring decision is expected by the end of the year.
