Chicago Metropolitan Water Reclamation District is searching for an investment consultant for its $346 million 457 plan.
The district is seeking a consultant that will provide ongoing semiannual performance evaluation of the plan's investment options, provide research and recommendations for any new or replacement options, conduct a one-time review of the plan's investment policy and assist in the development of a request for proposals for a record keeper, according to an RFP posted on the district's procurement website.
The RFP does not disclose the name of the current consultant or whether the firm is eligible to rebid. The last time the services were put up for bid, Segal Rogerscasey (now Segal Marco Advisors) was the incumbent and was rehired at the time.
The plan has an investment options lineup of 13 individual mutual funds, a target-date fund lineup, a stable value option and self-directed brokerage option. AIG Retirement Services is the current record keeper.
The RFP is available on the district's procurement website. Registration is required. Proposals are due at 11 a.m. CDT on July 29. An award is tentatively scheduled for Nov. 3.
James E. Fisher, the district's compensation and benefits manager, could not be immediately reached for further information.
