Investment Management & Advisory Services for Deferred Comp

The City of Mesa awarded a three‑year, fixed‑price contract for investment‑management and advisory services to oversee its Deferred Compensation Plan (457(b) and 401(a) components). The vendor will provide quarterly performance reporting, fiduciary education, plan‑administration support, record‑keeper liaison assistance, and ongoing advisory services to the city’s Deferred Compensation Committee. The contract includes a renewal option for two additional one‑year extensions and allows a CPI‑U‑based price adjustment up to 60 days before expiration. • Scope: Investment management, advisory, reporting, fiduciary education, and record‑keeper liaison for the city’s deferred compensation plan. • Term: 1 July 2022 – 30 June 2025 (3 years) with up to two one‑year renewals. • Value: $37,500 (Year 1) + $38,625 (Year 2) + $39,784 (Year 3) = $115,909 baseline; potential total $199,093 if renewals are exercised. • Procurement: Full and open competition via RFP; award made to Innovest Portfolio Solutions, LLC.