JEA, Jacksonville, Fla., is searching for an investment consultant for its $173 million St. Johns River Power Park Defined Benefit Employees' Retirement Plan, $170 million 457 plan and $22 million 401(a) plan.
The community-owned utility company is searching for a consultant to provide investment advice and ongoing performance monitoring services to the SJRPP Pension Advisory Committee and JEA Deferred Compensation Administration Committee, said an invitation to negotiate posted on the company's website.
Which firm currently provides the services, and whether the firm is invited to rebid, could not be immediately learned.
The DB plan's target allocation is: 45% fixed income and cash; 28% domestic large-cap equities; 11% domestic midcap equities; and 8% each, domestic small/midcap equities and international equities.
The ITN is available on JEA's procurement website. Proposals are due at noon EDT on July 14. A timeline for a decision was not provided.
Elaine Selders, buyer for JEA, could not be immediately reached for further information.
