Plymouth (Mass.) Retirement System is searching for an investment consultant.
The $222 million pension fund is seeking a firm to provide ongoing services including reviews of its asset allocation and strategy, investment objectives and philosophy, as well as monthly reviews of external money managers, according to an RFP posted on its website.
The RFP does not disclose whether current consultant Fiducient Advisors is eligible to rebid.
The pension fund last issued an RFP for the services in February 2016 and rehired incumbent consultant Fiduciary Investment Advisors. That firm was purchased by DiMeo Schneider & Associates in 2020 and the merged entity was renamed Fiducient Advisors in 2021.
As of Sept. 30, the pension fund's actual allocation was 27.2% domestic equities, 19.3% fixed income, 13.7% private equity, 13.3% international equities, 12.8% real estate, 5.4% asset allocation strategies, 4.9% marketable alternatives and 3.4% short-term liquidity.
The target allocation is 25% domestic equities, 22% fixed income, 20% international equities, 12.5% private equity, 10% real estate, 5.5% asset allocation and 5% marketable alternatives.
The RFP is available on the pension fund's website. Proposals are due at 4 p.m. EST on Dec. 29. A selection is expected sometime in the first quarter of 2023.
Wendy Cherry, the pension fund's executive director, could not be immediately reached for further information.
