Jacksonville, Fla., is searching for an investment consultant for its 401(a) and 457 plans, Tia Ford, city spokeswoman, said in an email.
The city issued an RFP because the contract of current consultant Fiduciary First is expiring on Sept. 30. The firm is invited to rebid, she said.
The plans have the same investment lineup, featuring 13 options plus a target-date fund series managed by BlackRock and a self-directed brokerage option. The plans' record keeper is Empower Retirement.
The plans have combined assets of $217 million.
The RFP is available on the city's procurement website. Registration is required. Proposals are due at 2 p.m. EDT on Aug. 22. A timeline for a decision was not provided.
