Crystal Lake, Ill., is restarting a search for the first investment consultant for its $21 million 457 plan.
The city originally issued an RFP in October for its first investment consultant as a due diligence measure, said Nicholas Hammonds, assistant city manager, at the time.
In an email Wednesday, Mr. Hammonds said the city had an unrelated issue that prevented it from making a selection within a 120 day period, which required the city to put the services up for bid a second time.
The current record keepers are Corebridge Financial and MissionSquare Retirement.
The RFP is available on the city's website. Registration is required. Proposals are due at 10 a.m. CDT on July 27. A timeline for a selection has yet to be determined.
