Tennessee Department of the Treasury, Nashville, is searching for an investment consultant to provide services for five defined contribution plans, said Shelli King, spokeswoman for state Treasurer David H. Lillard, Jr.
The department issued an RFP for a single consultant to provide all services, Ms. King said. There is no firm currently providing these services, she said.
The consultant will conduct an efficiency study of the $2.1 billion University of Tennessee System 401(a) plan, $1.8 billion Tennessee Board of Regents 401(a) plan and the state's $650 million 403(b) plan; and provide ongoing consulting services for the state's $3.4 billion 401(k) plan and $532 million 457 plan.
The consultant would also assist in any potential RFPs for record keepers following those record keepers' contract expirations in 2022.
The RFP is available on the treasury department's website. Proposals are due at 2 p.m. EST on Nov. 21. A hiring decision is expected Jan. 16.