Federal Retirement Thrift Investment Board, Washington, announced Wednesday it had awarded investment consultant contracts to Aon, Callan, Meketa Investment Group, Mercer and RVK.
The five firms will assist the FRTIB, which oversees the $774 billion Thrift Savings Plan, in several areas, including investment policy evaluation and design, portfolio governance and portfolio manager evaluation, investment option review and evaluation, investment manager search, benchmarking and participant behavior, research on improving operational efficiency, life-cycle fund asset allocation and glidepath analysis, and generalized consulting related to defined contribution plans, according to a news release.
The new contracts have a potential 10-year performance period and replace four separate five-year contracts held by Aon, Mercer, NEPC and RVK that were awarded in 2016. Callan and Meketa had never been awarded contracts by Federal Thrift.
