Alexandria, Va., is searching for investment consultants for its two defined benefit and two defined contribution plans.
The city is seeking consultants to provide investment advice to the plans' boards, according to an RFP posted on the city's procurement website.
The city's DB plans are the Alexandria Firefighters and Police Officers Pension Plan and Alexandria Supplemental Pension Plan, which have a combined $450 million in assets. Dahab Associates is the current investment consultant, and whether the firm is eligible to rebid was not disclosed in the RFP.
The city's two DC plans have a combined $225 million in assets. Further information on those plans and current consultants for those plans was not available.
Proposals are due at 3 p.m. EDT on May 26. A timeline for a selection has yet to be determined.
Kadira Coley, retirement administrator, and Kendel Taylor, the city's director, department of finance, could not be immediately reached for further information.