Page 239 - AugDefComp
P. 239
August 23, 2021
TO: Deferred Compensation Advisory Committee
FROM: Jay Castellano, Employee Benefits
SUBJECT: Investment Consultant Request for Proposals
RECOMMENDATION
Review and discuss information collected by the RFP selection committee, and then
determine and approve the final selection.
BACKGROUND
In its meeting of November 5, 2020, the DCAC appointed an ad hoc subcommittee that
would serve as the selection committee for Investment Consultant RFP. The final selection
board consisted of Lisa Okada, Bridget Love, Tiffany Htwe and Victoria Mejia.
After contracting with Alliant Retirement Consulting (Sarah Kiebler) as the RFP facilitator
and subject-matter expert, an RFP kick-off was held for the selection committee on May 3,
2021. The kick-off allowed the selection committee to gain a mutual understanding of the
process and the evaluation/selection criteria, and it reviewed and finalized the RFP
document.
The RFP was released on Friday, May 7. The response deadline was Friday, May 28. The
selection committee met a second time on June 2 to review the proposals.
DISCUSSION
Two proposals were received in response to the RFP. One proposal was from our incumbent
consultant, NFP. The other proposal was from
Innovest. (Anecdotally, per Alliant, other
potential respondents stated that they did not
respond to the County’s RFP either because they
