Alaska Railroad Corp., Anchorage, is searching for an investment consultant for its $254 million defined benefit plan, $127 million 401(k) plan and $8 million 457 plan.
The railroad issued an RFP due to the impending expiration of current consultant Hyas Group’s contract, said Barbara Amy, the railroad’s chief financial officer and chairwoman of its pension, 401(k), 457 and post-retirement committee. The firm is eligible to rebid, Ms. Amy said.
As of June 30, the DB plan's actual allocation was 44.2% domestic equities, 28.4% fixed income, 13.4% international equities, 11.8% real estate and 2.2% commodities.
Also as of that date, the 401(k) and 457 plans offered an investment lineup of eight domestic equity funds, three fixed-income funds, two international equity funds and a target-date fund series.
The selected consultant would also provide services for the railroad's $58 million post-retirement health-care trust.
The RFP is available on the railroad's website. Proposals are due at 3 p.m. AKDT on Oct. 25. A timeline for a selection was not provided.