St. Petersburg casts net for investment consultant for 2 DC plans

St. Petersburg, Fla., is searching for an investment consultant for its $115 million 457 plan and $27 million 401(a) plan, said Vicki A. Grant, manager, benefits division, in an email.

The city issued an RFP because the contract of current consultant PFM Consulting is expiring at the end of September, Ms. Grant said. The firm is invited to rebid. ICMA-RC is the record keeper of both plans.

The RFP is available on the city’s website. Proposals are due at 3 p.m. EDT on June 29. An award recommendation is scheduled for Aug. 8, with City Council approval scheduled for Sept. 21.