Clackamas Fire District #1 Deferred Compensation and Matching Plans, Milwaukie, Ore., is searching for its first investment consultant, said Susan Geiger, fire district finance director.
The plans are a 401(a) plan and 457 plan with combined assets of $20 million. Ms. Geiger said the district's deferred compensation committee wants to hire a consultant to help it reach the eventual goal of simplifying the plans, which currently have seven record keepers with dozens of investment options.
The investment consultant will eventually oversee an RFP for record keepers, the timeline of which will be determined by the consultant.
The RFP is available on the fire district's website. Proposals are due at 4 p.m. PDT on May 29. A decision is expected on July 21, with a contract start date of Aug. 1.