DeKalb County, Decatur, Ga., is searching for an investment consultant for its $130 million 457 plan and potential new 401(a) plan, according to an RFP posted on the county's website.
The county is seeking an investment consultant for ongoing services to the two plans, and also to conduct a search for a record keeper for the two plans. County spokesman Burke Brennan could not provide information on an incumbent consultant by press time.
The 457 plan's current record keepers are GEBCorp, ICMA-RC and Nationwide Financial. Whether the firms will be invited to rebid and when an RFP would be issued could not be learned by press time.
Mr. Brennan said the county board of commissioners will soon vote on closing the $1.2 billion DeKalb Employees Retirement Plan to new hires and establishing the new 401(a) plan.
Proposals for the investment consultant search are due at 3 p.m. EDT on Sept. 17. A timetable for a decision has yet to be determined.
The RFP is available on the county's website.
A phone call to Gwen Brown-Patterson, the county's interim chief financial officer, was referred to Mr. Brennan.
