Wheaton, Ill., is searching for an investment consultant for its $27 million 457 plan.
The city is seeking a consulting firm to advise the city's deferred compensation plan committee on investment options, review the current plan structure, and provide ongoing monitoring of investments and record keepers, according to an RFP posted on the city's website.
The current record keepers are MissionSquare Retirement and Nationwide Financial. The RFP does not disclose the name of the current consultant and whether the firm is eligible to rebid.
The RFP is available on the city's website. Proposals are due at 11 a.m. CDT on May 2. A timeline for a selection was not provided.
Tina Walters, city procurement officer, could not be immediately reached for further information.