Phoenix Employees' Deferred Compensation Board hired Hyas Group as investment consultant, confirmed Kathy Schelbrock, senior human resources analyst for the city.
The hire is pending successful contract negotiations and City Council approval. The board issued an RFP in April because the contract of R.V. Kuhns & Associates expires Aug. 31.
R.V. Kuhns was a finalist, along with Callan Associates.
The board oversees the city's $1 billion 457 plan and $258 million 401(a) plan.