Farmington Hills (Mich.) Employees' Retirement System is searching for a custodian.
The $163 million pension fund is seeking a firm to provide master trustee/custodial services, according to an RFP posted on the BidNetDirect procurement website.
The retirement system's board is also seeking similar services for the city's $84 million retiree health-care plan. Which firm currently provides the services and whether the firm is invited to rebid could not be immediately learned.
The RFP is available on BidNetDirect's website. Registration is required. Proposals are due at 4 p.m. EDT on April 24. A timeline for a decision was not provided.
Investment consultant AndCo Consulting is assisting.
Brian Green, senior consultant at AndCo Consulting, and Kelly Monico, director of central services for the city of Farmington Hills, could not be immediately reached for further information.
