Medford (Mass.) Contributory Retirement System is seeking custodial banking services for the investments of the retirement system’s $177 million defined benefit fund.
NEPC, investment consultant to the system, is assisting with the search.
The RFP is available on NEPC’s website. Proposals are due by 4 p.m. EST on Jan. 20. A timeline for a hiring decision was not disclosed.
Further information could not be learned by press time. Tina Rapatano, plan administrator, could not immediately be reached for comment. Stephanie McMurray, research associate at NEPC, declined to provide any additional details that were not in the RFP.