Metropolitan Atlanta Rapid Transit Authority hired AndCo Consulting as investment consultant for its $139 million 457 plan and $65 million 401(a) plan.
The authority announced the selection in a letter of intent to award notice posted on its website Thursday.
MARTA issued an RFP in March 2022 to provide ongoing investment consulting services, including investment advice and recommendations, selections of external investment managers and funds, and reviewing and updating the plans' investment policy statements.
According to a response to inquiries posted on MARTA's website, Segal Marco Advisors is the current consultant and was invited to rebid.
MARTA officials could not be immediately reached for further information on whether the firm did so.