Aurora, Ill., is searching for an investment consultant for its $390 million 457 plan.
The city is seeking responses from consultants that can provide fiduciary expertise including a review of investment options and the overall investment structure, as well as assist in potentially consolidating the plan's third-party administrators, said Christopher Minick, the city's chief financial officer/treasurer.
The city does not currently have a consultant, Minick said. The plan's active administrators are Nationwide Financial, Transamerica Retirement Services, Waddell & Reed and Voya Financial.
The RFQ is available on the city's website. Proposals are due at noon CST on Nov. 29. A notice of intent to award is tentatively scheduled for Dec. 18.
City officials could not be immediately reached for further information.
