Shelby County Deferred Compensation Plan, Memphis, Tenn., is searching for an investment consultant.
The $133 million 457 plan is seeking a firm to provide ongoing investment advice along with participant education, according to an RFP posted on the county's website. The RFP does not disclose the name of the current consultant or whether the firm is eligible to rebid.
According to the plan's most recent investment report, Independent Wealth Management is the current consultant. As of Dec. 31, the plan had 16 individual investment options, along with the Prudential Day One target-date fund lineup managed by PGIM Investments.
The RFP is available on the county's website. Proposals are due at 4 p.m. CDT on May 5. A timeline for a selection has yet to be determined.
Candace Jackson, buyer for the county, referred questions to the RFP.