St. Johns River Water Management District, Palatka, Fla., hired Graystone Consulting as investment consultant for the district's 457 and 401(a) plans.
Graystone's contract will run from Oct. 1 through Sept. 30, 2017, said Teresa Monson, spokeswoman for the two plans, which have a combined $65 million in assets.
The plan’s current consultant, Bogdahn Group, and FiduciaryFirst were the other finalists, Ms. Monson said.
The 457 plan has $57 million in assets and the 401(a) plan has $8 million. Great-West Retirement Services is record keeper. The plans have the same 22 investment options.