Los Angeles County Deferred Compensation and Thrift Plans is searching for a proxy voting consultant, said James Hsu, financial analyst for the county's $12.9 billion deferred compensation and its $3.3 billion defined contribution plans.
Segal Marco Advisors is the incumbent and has been invited to rebid.
Plan officials are asking RFP respondents to propose to provide services for both or either of the plans. Currently the investments in the plans consist of target-date funds, FDIC insured bank fund, stable value fund, balanced fund, a large-cap fund, a non-U.S. equity fund, a midcap fund and a small-cap fund. The plans third-party administrator for both plans is Great-West Life & Annuity.
The RFP is available at on the county's website and on the county Treasurer and Tax Collector Department's website. Proposals are due 5 p.m. PDT on May 5.
