Searches and Hires

Wayne County Employees seeks investment consultant for 401(a), 457(b) plans

Wayne County Employees' Retirement System, Detroit, is looking for an investment consultant for its $432 million 401(a) plan and its $218 million 457(b) plan.

Sterling Institutional Group is the current investment consultant for the 401(a) plan, while MassMutual Financial, Voya Financial, AXA Equitable and GC Financial Group offer investment consulting services to the 457(b) plan, the RFP said. The RFP did not say whether they are invited to rebid.

The RFP is available on the retirement system's website. Proposals are due by 3 p.m. EDT on April 20. A selection date was not disclosed.

Robert J. Grden, executive director, could not be immediately reached for additional comment.