Henrico County, Va., hired SageView Advisory Group as investment consultant for the county's 457 deferred compensation plan, according to a contract award notice on the county's purchasing website.
The $110 million plan did not previously have an investment consultant.
An RFP was issued in April for a consultant for the county 457 plan as well as 457(b) and 403(b) plans administered by the Henrico County Public Schools system with a combined $93 million in assets. It could not be learned by press time whether SageView was hired as consultant for those plans as well. CAPTRUST Financial Advisors was the consultant for the two school plans and was invited to rebid.
The county's benefits department referred questions to the purchasing department. Cecelia Stowe, purchasing manager, did not return a telephone call by press time.
