CalSavers Retirement Savings Board on Monday voted to launch an RFP for an investment consultant.
The $569.1 million CalSavers Retirement Savings Program is launching the search because the contract of incumbent Meketa Investment Group is scheduled to expire on Jan. 9, 2024. Meketa will be invited to rebid. Staff of the plan will present the finalists for the board's consideration at the Nov. 13 board meeting.
The RFP will be posted on the state's procurement website.
Separately, the board revised its investment policy statement to include language in its investment beliefs encouraging the board to evaluate efforts by fund managers to incorporate diversity, equity and inclusion principles into their work as part of its future fund manager selection process.