Padre Dam Municipal Water District, Santee, Calif., is searching for an investment consultant for its $6 million 457 plan, confirmed Lisa M. Sorce, director of human resources.
It is the first time the plan is searching for a dedicated investment consultant, said Ms. Sorce in a telephone interview. The plan's record keeper is Nationwide Financial.
The RFP is available on the district's website. Proposals are due at 2 p.m. PST on Dec. 4. A decision is expected in mid-January.