Abilene, Texas, is searching for an investment consultant for its 457(b) deferred compensation plan, according to an RFP issued by the city.The consulting engagement will be awarded separately from the plan’s record-keeping contract, and the selected firm must operate independently of the record keeper and investment providers.Respondents must have at least five years of experience advising government defined contribution plans, currently serve at least five public-sector clients with a similar scope of services and manage a minimum of $100 million in assets under advisement.The RFP did not provide a reason for the search or whether an incumbent consultant is eligible to rebid.The RFP is available on the city’s website. Proposals are due by Dec. 18. The city anticipates awarding the contract in February or March 2027.AI assisted in producing an initial draft of this story. The author revised the story and independently verified all information.
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