Metropolitan Transportation Authority, New York, is searching for an investment consultant for its 401(k) and 457 plans.
The authority has issued an RFP because the contract of current consultant Mercer is expiring, said Kim Russell, director – tax favored programs.
The firm is invited to rebid. Prudential Financial is the record keeper of the plans, which have a combined $7.5 billion in assets.
The RFP is available on Conductiv. Registration is required. Proposals are due at 4 p.m. EDT on Aug. 31. A timeline for a selection was not provided.