Great Lakes Water Authority, Detroit, is searching for a nondiscretionary investment consultant for its $52 million 401(a) plan and $51 million 457 plan.
The authority is seeking proposals from investment consultants that can provide ongoing services including review of retirement plan design, investment options provided, as well and communication and education to participants, according to an RFP on its procurement website.
The RFP does not disclose the name of the current consultant, if any, or whether the firm is eligible to rebid. MissionSquare Retirement is the plans’ record keeper.
The RFP is available on the GLWA procurement website. Registration is required. Proposals are due by noon EDT on Sept. 4. A timeline for a selection was not provided.
Officials at GLWA could not be immediately reached for further information.
