Stanford University, Palo Alto, Calif., hired Mercer as investment consultant for its $268 million defined benefit plan and $214 million retiree health plan and rehired Aon Hewitt Investment Consulting as investment consultant for its $5.8 billion 403(b) plan, said Lori Branley, Stanford’s director of retirement programs, in an e-mail.
An RFP was issued in July as part of a regular review process.
Fidelity Investments was the incumbent DB and retiree health plan consultant. It did not rebid.
Fidelity is the record keeper for the 403(b) plan.
The invitation-only search was conducted using InHub’s eRFP tool.