Milwaukee County Deferred Compensation Plan hired RVK as investment consultant, said Stephen Cady, chairman of the Milwaukee County select committee on deferred compensation, in an e-mail,
Incumbent Aon Hewitt Investment Consulting was one of the two other finalists, along with Meketa Investment Group. Aon Hewitt's contract expires Oct. 31.
The hiring is the result of an RFP the committee issued in July. The committee's last search was five years ago.
“I don't anticipate major changes to the ($323 million plan's investment fund) lineup but we will have to see what recommendations are made,” Mr. Cady said.
The 457 plan offers 15 individual investment options, managed by nine money managers, and a series of target-date funds.