Naperville, Ill., seeks first investment consultant for 457 plan

Naperville, Ill., is searching for the first investment consultant for its $114 million 457 plan.

The city issued an RFP for a consultant to make recommendations on investment selection and oversight and review the plan’s current record keepers, confirmed Bryn Wildman, procurement officer, in an email.

The plan’s four record keepers are AXA, ICMA-RC, Nationwide Financial and Transamerica Retirement Solutions.

The RFP is available on the DemandStar Procurement website. Registration is required. Proposals are due at 1 p.m. CDT on June 9. A selection is expected in July or August.