Specifications include, but are not limited to: 1. Provide a narrative or chart of the specific services that would be provided on a quarterly and annual basis by the advisors and service team for the successful investment portfolio management of the Defined Benefit Pension Plan. 2. Identify the advisors and service team and the general responsibilities of each team member that would be assigned to this project. 3. Explain methodologies employed in overall investment performance evaluation and the approach used to evaluate the performance of each investment. 4. Disclose your review/evaluation process to determine reasonableness of each investment. 5. Disclose your process for periodic review and recommendation of service fee reductions or consolidation. 6. Disclose your investment philosophy regarding the use of exchange traded funds, mutual funds and index funds. 7. Disclose your current investment allocation model(s) to achieve a long-term investment objective of 6.75% annual return while providing for approximately $4+ million in annual withdrawals of assets for pension payments. 8. Describe your firm’s approach to portfolio risk monitoring and management. 9. Describe fee structure and the services included. Detail the all-in-fees for your work as an advisor, estimated third party manager costs, custody services, trading costs and any other potential fees. 10. Provide a comprehensive overview of the contractual arrangement between your firm and the institution that would be providing fiduciary and custodial services.
