Naples, Fla., is searching for its first investment consultant for its four defined contribution plans, said Greg Givens, city grants and procurement administrator, in an e-mail.
The city is seeking a consultant to assist the city in creating an investment policy statement, conduct ongoing investment monitoring and eventually assist in creating a request for proposals for one or more record keepers.
The RFP is available on the city's website. Proposals are due at 5 p.m. EDT on July 10. The city hopes to make a decision that same month, Mr. Givens said.
The three 401(a) plans and one 457 plan have combined assets of $19 million.