Metropolitan Transit Authority of Harris County, Houston, hired HUB Retirement and Private Wealth as investment consultant for its 457 plan and two 401(a) plans, said Art Smiley, chief financial officer, in an email.
The authority issued an RFP in January for a non-discretionary consultant to provide advice and recommendations to its defined contribution plans committee. The plan at the time did not have an investment consultant.
The other finalists were Hyas Group and Innovest Portfolio Solutions.
As of Nov. 30, the plans had a combined $197 million in assets.
