San Diego Association of Governments rehired Marsh & McLennan Agency as investment consultant for its $47 million 457 plan, said Zara Sadeghian, contracts associate and procurement analyst for the association.
The regional government agency focused on transportation planning and construction in the San Diego region on Nov. 5 posted an intent to award a contract to MMA on the BidNet Direct procurement website.
SANDAG issued an RFP in July due to the upcoming expiration of MMA's contract, said Zara Sadeghian, contracts associate and procurement analyst for the association, at the time. Meketa Investment Group was the other finalist, she said in an email Monday.
Voya Financial is the plan's record keeper.
