Metropolitan Pier and Exposition Authority, Chicago, is searching for an investment consultant for its $85 million pension plan, $24 million 457 plan and $2 million 401(a) plan.
The authority, which owns and operates Chicago's McCormick Place and associated venues and also owns Navy Pier, is seeking a consultant to monitor the plans' investments and make recommendations to the plans' trustees, according to the RFP posted on the authority's website.
The authority hired Marquette Associates as investment consultant in 2013, the last time the services were put up for bid. Whether the firm is invited to rebid could not be immediately learned.
As of Sept. 30, the actual allocation of the pension plan, which was frozen to benefit accruals in 2012, was: 47.8% domestic equities, 39% fixed income, 11.9% international equities and 1.3% cash.
The 457 and 401(a) plans each have 12 investment options and a target-date fund lineup managed by Vanguard Group.
The RFP is posted on the authority's website. Proposals are due at noon CST on Dec. 23. A selection is to take place sometime in February.
MPEA officials could not be immediately reached to provide further information.
