Point Of Contact Not Available

The City of Long Beach (City) is inviting the submission of proposals from qualified Investment Consulting Firms (Consultant), to provide consulting services to the City’s 457 Deferred Compensation Plan (Plan) in order to maximize the program’s value to its participants. The City has recently redesigned its 457 Plan for cost efficiency, investment diversity and greater participant value. The goal of this Request for Proposal is to select a consultant qualified to advise the City on deferred compensation investments and administration. The City employs approximately 5,000 employees, and administers a 457 Plan on their behalf. There are approximately 4,800 participants with invested assets of approximately $450 million. The most qualified firm will be invited to enter into an agreement for consulting services. The scope of consulting services described herein requires specific experience and expertise in the administration of 457 Deferred Compensation Plans. An initial engagement of three years is contemplated.

Bid Protests Not Available