Baltimore City Retirement Savings and Deferred Compensation Plans hired Marquette Associates as investment consultant for the 401(a) and 457(b) plans.
Marquette replaces Segal Marco Advisors, which participated in the search, said Roselyn Spencer, executive director and chief investment officer of the $1.8 billion Baltimore City Employees' Retirement System, in an email.
An RFP was issued in October. Nationwide Financial is the record keeper.
The defined contribution plans have about $390 million in combined assets and are part of the city retirement system.