Chicago Transit Authority is searching for a discretionary investment consultant for the CTA Supplemental Retirement Plan.
The CTA issued an RFP for a firm to develop and maintain the plan's asset allocation, provide performance benchmarking and reporting, and select managers for the plan, according to an RFP posted on CTA's procurement website.
Whether current consultant Marquette Associates is eligible to rebid could not be immediately learned.
The CTA Supplemental Retirement Plan is a frozen defined benefit plan that had $37 million in assets as of Aug. 31, according to the plan's most recent investment report included in the RFP materials. As of that same date, the asset allocation was 26.1% fixed income, 25.7% international equities, 22.7% domestic equities, 11% real assets, 10.9% private equity and 3.6% other.
The RFP is available on the CTA's procurement website. Registration is required. Proposals are due at 3:30 p.m. CST on Feb. 19. A timeline for a selection was not provided.
John Hegg, senior procurement administrator, could not be immediately reached for further information.