Rockville (Md.) Employees Retirement System rehired Segal Marco Advisors as investment consultant for its $132 million defined benefit plan, $60 million defined contribution thrift plan and $43 million 457 plan.
The system’s board approved the rehiring at its March 13 meeting, recently released meeting minutes show.
The board issued an RFP in November. There were three finalists, and the minutes did not disclose the names of the other two finalist firms.
As of March 31, the DB plan's actual allocation was 22.8% international equities, 17.5% fixed income, 16.9% domestic large-cap equities, 13.6% domestic small-cap equities, 11% global balanced/tactical asset allocation, 9.9% real estate, 6.9% real assets and 1.6% cash.
The DB plan's target allocation is 20% each fixed income and international equities, 18% domestic large-cap equities, 12.5% real estate, 12% domestic small-cap equities, 10% global balanced/TAA and 7.5% real assets.
The thrift plan and 457 plan share a lineup of 15 core investment options and a target-date series managed by Capital Group.
