Atlanta Regional Commission is searching for a consultant to analyze the plan structure of its current defined benefit plan and defined contribution plans and recommend potential changes.
The commission has issued a request for information for firms to analyze the effectiveness of its current retirement plans and the potential of developing a hybrid DB/DC plan, spokesman Paul Donsky said.
The commission intends to develop a request for proposal based on information it receives following the RFI process. If the commission issues an RFP, it would likely be in the first quarter of 2020, Mr. Dansky said.
The commission has a $67 million defined benefit plan, and 403(b) and 457 plans, which have $12 million in combined assets.
The RFI is available on the commission's website. Information is due at 4 p.m. EST on Dec. 6. A timeline for a decision was not provided.