Denver City & County is searching for an investment consultant for its roughly $600 million deferred compensation plan, said Melissa Bordwine, senior buyer.
The selected firm will provide “analysis, advice, direction, and general guidance” and serve as co-fiduciary with the plan’s deferred compensation committee, according to the RFP.
The search is being conducted because of a requirement that services go out to bid every three to five years. Current consultant Innovest Portfolio Solutions is invited to rebid, Ms. Bordwine said.
The RFP is available on the Rocky Mountain E-Purchasing System. Registration is required.
Proposals are due by 3 p.m. MDT on June 30. A hiring decision is anticipated by the end of the year when Innovest’s current contract expires.
The plan is administered by TIAA-CREF.