Erie County Deferred Compensation Committee, Buffalo, N.Y., is searching for its first ongoing investment consultant, said Timothy Callan, secretary of the committee, in an e-mail.
The $230 million 457 plan issued an RFP on the advice of legal counsel after the committee decided it wanted to have an ongoing consultant following a search in 2015 for a consultant to assist in the search for a record keeper, Mr. Callan said. The committee hired Hyas Group to assist in the search, which resulted in the rehiring of incumbent VALIC.
Hyas Group is invited to bid for the services, said Mr. Callan.
Proposals are due at 3 p.m. EST on Dec. 15. A decision is expected on March 1.
The RFP is available on Erie County’s website.