Falls Church Civicplus #RFP 0501-26 Pension Invest

Falls Church Seeks Fiduciary Consulting for Retirement and OPEB Plans

The City of Falls Church, Virginia, is seeking a qualified financial and investment consulting firm to provide fiduciary consulting services for its retirement and post-employment benefit plans. - Government Buyer: - City of Falls Church, Virginia - Retirement Board of Trustees - Scope of Services: - Fiduciary consulting for Defined Benefit Governmental Retirement Plans, Defined Contribution Retirement Savings Plans (457(b) and 401(a)), and Other Post Employment Benefits (OPEB) Trust - Investment policy review and development - Asset allocation studies and recommendations - Performance monitoring and benchmarking of investment managers and funds - Manager/fund selection, evaluation, and search assistance - Fee benchmarking, evaluation, and negotiation - Compliance support, including GASB standards and annual reporting - Fiduciary education for Board and staff - Attendance at quarterly Board meetings and provision of quarterly/annual reports - Participation in employee education strategy and ad hoc analysis as needed - Requirements: - Consultant must be a Registered Investment Advisor (RIA) with the SEC - Must have at least 10 years of experience with public retirement plans - Must not be licensed to sell investment products or collect commissions - Strong conflict of interest, cybersecurity, confidentiality, and AI use policies required - Lead consultant must be registered to operate in Virginia - Plan Details: - Covers approximately 1,288 participants - Over $196 million in assets under management - No specific OEMs or vendors are named; opportunity is open to qualified institutional financial and investment firms meeting the outlined requirements

Description

The City of Falls Church is soliciting proposals for Defined Contributions Retirement Savings and Post Employment Benefits Consulting Services. The scope includes providing independent financial and investment consulting services for the City's retirement plans, including defined benefit plans, defined contribution plans, and other post-employment benefits (OPEB). The consultant will serve in a fiduciary capacity, assisting with investment policy review, performance monitoring, manager selection, fee evaluation, and fiduciary education. Proposals must be submitted electronically by July 21, 2026.

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