Stanford University, Palo Alto, Calif., launched an invitation-only search for an investment consultant for its $5.8 billion 403(b) plan, $268 million defined benefit plan and $214 million retiree health plan, said Lori Branley, Stanford's director of retirement programs, in an e-mail.
The incumbent consultant, which university officials declined to name, is invited to rebid. The selected firm will assist with a fiduciary review of the plans' investments.
The invitation-only search is being conducted using InHub's eRFP tool. Proposals are due by 5 p.m. PDT on Aug. 22. Finalists are expected to be selected on Sept. 9. A hiring date has not been determined.
Fidelity Investments is the record keeper for the 403(b) plan.
