Tri-County Metropolitan District of Oregon, Portland, Ore., is searching for an investment consultant for its three defined contribution plans.
The district is searching for a firm to provide "comprehensive investment consulting services to assist TriMet in our fiduciary duties" to its 457 plan and two 401(a) plans, an RFP posted on the district's procurement website said.
Hyas Group is the current investment consultant for the plans. The RFP does not say whether the firm is eligible to rebid.
The plans are the $159 million 457 Deferred Compensation Plan, and the $75 million TriMet Defined Contribution Retirement Plan for Union-Represented Employees and $73 million TriMet Defined Contribution Retirement Plan for Management and Staff Employees, both 401(a) plans. MissionSquare Retirement (formerly ICMA-RC) is the plans' record keeper.
The RFP is available on the district's procurement website. Registration is required. Proposals are due by 11:30 a.m. PDT on Oct. 11. A selection is expected on or before Nov. 8.
Zach Cooper, contracts manager, could not be immediately reached for further information.