Page 240 - AugDefComp

Deferred Compensation Advisory Committee
Investment Consultant Request for Proposals Page 2

did not have the minimum three clients with $300 million in assets or because they chose
not to engage in the typically more expensive public procurement process.

The RFP essentially asked that proposers be able to provide the level of services currently
provided by NFP plus, based on the suggestion from Alliant, quarterly (in lieu of annual)
third-party investment reviews. Here is a summary of the responses:

ASSESSMENT OF WRITTEN PROPOSALS
NFP INNOVEST
1. Acceptance of County contract Accepts County Accepts County
requirements requirements requirements

2. Ability to provide current scope Agrees to scope of services Agrees to scope of services
of services, including (partial
list):
• Provide and maintain
Investment Policy Statement
• Provide Investment reviews
vis à vis IPS
• Monitor and manage
agreements with
recordkeepers and
investment providers
• Monitor and manage plan
documents
• Participate in development
and preparation for
quarterly DCAC meetings
• Provide fiduciary trainings
• Provide legislative updates
• Conduct recordkeeping RFPs
• Provide consultation on plan
design best practices
•

3. Quarterly investment Agrees to quarter reviews Agrees to quarter reviews
performance reviews