Specifications include, but are not limited to: The City of Orem is soliciting proposals from qualified firms to provide retirement and investment consulting services and to act in a role of co-fiduciary for the management of the City’s retirement plan options. The City of Orem has approximately 425 benefit-eligible employees. Services may include, but are not limited to, the following: • Develop an Investment Policy Statement • Evaluate fund design and performance, and recommend fund offerings and structure • Evaluate and benchmark fees, and assist in negotiating fees to maximize plan efficiency • Provide training regarding fiduciary duties, industry or regulatory developments or other pertinent topics • Prepare reports and meet on a regular basis to review and advise, as deemed appropriate • Other general advisory services relative to industry best practices for the management of employee 401(k), 457 and IRA retirement plans.