Milwaukee County Deferred Compensation Plan rehired RVK as investment consultant.
The $440 million 457 plan issued an RFP in October, and the county’s select committee on deferred compensation voted to rehire the incumbent consultant at its meeting Thursday, said Stephen Cady, chairman of the select committee.
Seven firms submitted proposals, Mr. Cady said. There were no other finalists.
The 457 plan has 12 individual investment options and a target-date fund lineup managed by Vanguard Group. Empower Retirement is the plan's record keeper.
The final contract award is pending contract negotiations and final approval by the county board of supervisors.
