Sacramento (Calif.) Municipal Utility District is searching for a discretionary investment consultant for its 401(k) and 457 plans.
The district issued an RFP for a consultant to provide fully delegated services, maintain the investment policy and manage the investment option lineups of the plans, according to an RFP posted on the district's procurement website.
The plans, which have a combined $400 million in assets, offer four tiers with identical investment lineups: Risk-based funds, passive options, active core options and specialty options (which feature real return, emerging markets and a self-directed brokerage window). Which firm currently provides these services and whether the firm is eligible to rebid could not be immediately learned.
The RFP is available on the district's procurement website. Registration is required. Proposals are due at 5 p.m. PST on Dec. 14.
Andrew McDermott, senior procurement specialist, could not immediately provide further information.
