Columbus (Ga.) Consolidated Government 457 Deferred Compensation Plan is searching for an investment consultant, said an RFP posted on the city’s procurement website.
The $21 million 457 plan is searching for a consultant to review and analyze its record keepers’ performance, provide education and advisory services on asset allocation models and assist in future record-keeper searches. VALIC is the sole record keeper still taking contributions, and Empower Retirement, MassMutual Financial and Nationwide Retirement Solutions are legacy record keepers. The most recent search was completed in early 2015.
It could not be learned if the plan currently has an investment consultant.
Proposals are due at 5 p.m. EDT on April 29. A timetable for a decision was not made available.
The RFP is available on the city’s website.
Andrea J. McCorvey, the city’s purchasing division manager, did not return a phone call seeking further information by press time.