Germantown, Tennessee, is searching for an investment consultant for the city's $89 million defined benefit plan and $4 million cash balance plan.
The city is seeking a consultant to provide investment manager and fund selection services, conduct annual investment policy and asset allocation and ongoing performance evaluation, according to an RFP posted on the city's website.
The RFP does not disclose which firm currently provides the services or whether the firm is eligible to rebid.
The city's most recent available meeting minutes for its retirement plan administration commission shows Gerber/Taylor Management was the plans' consultant as of Nov. 4, 2021.
The RFP is available on the city's website. Proposals are due at 2 p.m. CDT on May 23. An award is scheduled for Aug. 8.
Cathryn Perdue, the city's director, procurement and risk, would not provide further information.
