T23-076-01

The City of Tempe is seeking financial consultant services to support its defined contribution plans. The contract is for a 2-year term with the option to renew. The selected vendor will provide investment consulting services, including assisting with a vendor search for a new record keeper. The City's defined contribution plans supplement the state plans, and the successful firm should have knowledge and awareness of the state plans. The contract value is estimated to be around $100,000 to $200,000 per year, based on the contract details and the scope of work. Some key points to note are: • The City has a long-established Employee committee that oversees the plans. • The consultant will report to the Committee and work with the HR staff. • The City has included the Investment Policy statement and asset allocation as part of the RFP. • The City is looking for a firm with experience in providing investment consulting services to public sector clients. • The contract will be governed by the laws of the State of Arizona. • The City reserves the right to terminate the contract if funds are not allocated or available for the continued use or purchase of services.