DEFERRED COMPENSATION CONSULTANT

The City of Corvallis is seeking a Deferred Compensation Consultant to provide assistance, training, and advisory services to the City's Deferred Compensation Plan Committee. The consultant will be responsible for ensuring the City operates using best practices in meeting its fiduciary responsibilities with respect to the 457 and 401(a) Deferred Compensation Plans and the Retirement Health Savings (RHS) Plan. The scope of work includes portfolio analysis, ongoing due diligence research, comprehensive annual fee and cost analysis, and semi-annual comprehensive investment performance and cash-flow reporting. The contract was awarded to Hyas Group, who submitted the sole proposal for this RFP. • The consultant will provide expertise, ongoing education, and reporting in various deferred compensation field areas. • The consultant will assist with the ongoing education/training of the City's Deferred Compensation Plan Committee. • The consultant will provide recommendations for structural changes and improvements to the Plans. • The consultant will review and maintain the Investment Policy Statement. • The consultant will review the record keeper. • The consultant will conduct participant surveys and analysis. • The consultant will provide legislative and regulatory developments assurance.