Carroll County, Westminster, Md., is searching for an investment consultant for its $140 million Carroll County Pension Plan and its $50 million Carroll County Public Safety Pension Plan, according to an RFP posted on the Public Purchase procurement website.
The county has issued an RFP due to the upcoming expiration of the current consultant’s contract on Dec. 31, according to a Q&A accompanying the RFP documents. The current consultant is invited to rebid. The Q&A did not provide the name of the consultant.
As of June 30, the Carroll County Pension Plan’s actual allocation was 61.6% equities, 25.3% fixed income, 11.4% other assets (real estate and infrastructure) and 1.7% cash and cash equivalents.
Also as of June 30, the Carroll County Public Safety Pension Plan’s actual allocation was 43% equities, 27% fixed income, 6.3% other assets (one real estate investment trust portfolio) and 3.6% cash and cash equivalents.
The selected consultant will also provide services for the county’s $228 million retiree healthcare benefit trust and $12 million firefighters' length of service award program.
The RFP is available on Public Purchase. Registration is required. Proposals are due by 10:30 a.m. EST on Nov. 6. A selection is expected by Dec. 19.
