Investment Consultant Services

The Vendor is required to provide consultant to serve as the pension plan's investment consultant and provide at a minimum all of the professional services necessary.
- Analysis of Current Structure
• Conduct analysis of current plan demographics and asset allocations
• Review plan characteristics and asset classes
• Review current investment strategies, policies, and vehicles
• Review administrative services, needs, and costs
• Review current plan to determine if revenue sharing exists and, if so, to what degree
- Design Optimal Structure
• Propose optimal administrative and investment structure
• Address employee communication and education media and delivery
• Advise on investment alternatives and asset allocation guidance
- Review Investment Policy
• Review or suggest revisions to the current investment policy statement to include:
1. Investment objectives
2. Procedures for selecting money managers or mutual funds
3. Procedures for monitoring money managers or mutual funds
4. Procedures for eliminating money managers or mutual funds from the Plan
- Implement Policy
• Propose alternative investment options, when necessary
• Coordinate program implementation
• Manage any change in service providers
- Manage and Supervise
• Provide ongoing supervision and fiduciary guidance of the retirement plan
• Prepare quarterly performance reports utilizing market indices, investment objectives, and peer group comparisons
• Provide ongoing benchmark analysis of fees, structure, and effectiveness
• Meet quarterly with Board to address investment performance
• Advise of the development of participant education programs and proactive education strategies (such as data scraping) and the delivery of such programs
• Monitor recordkeeping services provided by Mission Square Retirement on a quarterly basis.
- Contract Period/Term: 1 year
- Questions/Inquires Deadline: July 22, 2025