Kern County, Bakersfield, Calif., hired Hyas Group as the first investment consultant for its $679 million 457 plan, said Chase Nunneley, the county's assistant treasurer and tax collector.
The county had issued an RFP in June after its deferred compensation advisory board decided it would be prudent to hire an investment consultant given the significant growth in the asset size of the plan in recent years, Nunneley said at the time.
Other finalists were CAPTRUST Financial Advisors, Innovest Portfolio Solutions, NFP Retirement and SageView Advisory Group.
Voya Financial is the plan's record keeper.