South Broward Hospital District, Hollywood, Fla., named four finalists in its search for an investment consultant for its $1.3 billion 401(a) plan and $900 million defined benefit plan.
The district named current consultant Marquette Associates, along with Aon Investments USA, NEPC and Verus Advisory, as finalists that will make presentations to its board of commissioners Nov. 10, according to a notice posted on the DemandStar procurement website. A selection is expected Dec. 12.
The district's pension plan, the South Broward Hospital District Retirement Plan, has a target allocation of 40% domestic equities, 25% each fixed income and global equity, and 5% each international equities and alternative investments.
Diana Benavides, service line manager, could not be immediately reached for further information.