Deferred Compensation Plan (DCP) Investment Consulting Services

The City of Los Angeles Deferred Compensation Plan (DCP) is seeking a professional investment consulting firm to provide expert and experienced investment consulting services. The selected consultant will assist the DCP in developing and refining its investment policy, investment menu, and long-term strategies for effectively managing its investment design goals and objectives. The consultant will also provide independent oversight of DCP investment options and managers, conduct ongoing due diligence, and provide quarterly evaluation reports. The scope of services includes four primary categories: investment plan design consulting, investment selection and performance consulting, compliance and risk management consulting, and outcomes and strategic analyses consulting. Some key points to consider for this opportunity include: • The DCP has $12.3 billion in assets and 54,634 participants. • The consultant will serve as a fiduciary of the DCP and is expected to act with prudence, loyalty, and care. • The contract term is for a period of up to five years, with the option to renew. • The evaluation criteria include organizational qualifications and reliability, investment plan design consulting, investment selection and performance consulting, compliance and risk management consulting, outcomes and strategic analyses consulting, and fees and guarantees.