Metropolitan Government of Nashville (Tenn.) and Davidson County is searching for an investment consultant for its $321 million 457 plan, said Fadi BouSamra, chief investment officer, in an email.
The plan's incumbent consultant is Summit Strategies Group. Summit Strategies is being purchased by Mercer in a transaction expected to close this month; Mercer is invited to bid for the services.
The plan has 11 investment options and a Wells Fargo target-date fund lineup.
The RFP is available on the government's purchasing website. Proposals are due at 2 p.m. EDT on Nov. 14. A timetable for a decision is not yet determined.
