Electric Reliability Council of Texas Inc., Taylor, is searching for an investment consultant for its 401(k) savings plan, according to an RFP posted on its procurement website.
Aon Hewitt is the current consultant. It could not be learned by press time whether Aon is invited to rebid.
The $115 million plan has 15 investment options in addition to a series of target-date funds. Fidelity Investments is the service provider.
The RFP is available on ERCOT's website. Proposals are due Aug. 15. A selection is expected on Sept. 12, with the contract starting Oct. 1.
Jason Terrell, procurement specialist, said the company had no comment outside of what was included in the RFP.
