University of Louisville, Louisville, Ky., is searching for the first investment consultant for its $1.7 billion 403(b) plan and $53 million 457 plan.
The university is seeking a consultant to provide guidance regarding governance, conduct reviews of record keeper performance, and provide quarterly reporting and guidance regarding investment fund performance, confirmed Todd Kneale, director, total rewards in human resources, in an email.
Mr. Kneale said the university realized "we need (an investment consultant) to help us implement best practices and manage the plan in the best way possible for our participants."
The plans' record keepers are Fidelity Investments and TIAA-CREF, and the plans share a lineup of 212 investment options.
The RFP is posted on the university's procurement website.
Proposals are due at 5 p.m. EDT on Aug. 24. A timeline for a selection was not provided.