Investment Management & Advisory Services for Deferred Comp

The City of Mesa is procuring a three‑year, fixed‑price contract to provide comprehensive investment‑management and advisory services for its municipal deferred‑compensation plan (a 457(b) plan and an executive 401(a) plan). The scope includes quarterly reporting, fiduciary education, investment‑menu management, fee analysis, assistance with record‑keeper RFPs, conversion support, policy development, regulatory compliance, and ongoing advisory support. The City prefers a 3(21) directed fiduciary relationship, with the incumbent advisor currently charging approximately $40 K annually. The award was made to Creative Planning, LLC at an annual value of $37,500, with the possibility of two one‑year renewals. • Quarterly performance and market‑condition reports for plan participants. • Advisory services for investment‑option selection, fee benchmarking, and record‑keeper oversight. • Development and annual review of the Investment Policy Statement and fiduciary education for committee members.