Metropolitan Washington Airports Authority, Washington, is searching for an investment consultant for its two defined benefit plans, VEBA Trust and two defined contribution plans.
The authority is seeking proposals from an investment consulting firm that can provide advice to its retirement committee, according to an RFP on its procurement website.
The RFP does not disclose the name of the current consultant or whether the firm is eligible to rebid.
The two pension plans have a total of $385 million in assets. They share a target allocation of 30% domestic large-cap equities; 20% each fixed income and international equities; and 10% each convertible bonds, domestic small-cap equities and real estate.
The VEBA Trust has $161 million in assets and has a target allocation of 70% equities and 30% fixed income.
The 457 plan and 401(a) plan have $288 million and $40 million, respectively, in assets. They share an investment lineup of about 80 funds, and the record keeper is Lincoln Financial Group.
The RFP is available on the MWAA procurement website. Proposals are due by 2 p.m. EDT on Aug. 28. A timeline for a selection was not provided.
Authority officials could not be immediately reached for further information.
