Federal News Radio: Four Firms Receive FRTIB Investment Consulting Contracts

The Federal Retirement Thrift Investment Board has awarded investment consulting contracts valued at up to $4 million each to AON Hewitt Investment Consulting,  Mercer Investment Consulting, NEPC and RVK, Federal News Radio reported Tuesday.

David Thornton writes the companies will bid on financial management and support task orders to aid the Thrift Savings Plan.

The competition for task orders has doubled as a result of the contract awards, which only AON Hewitt and Mercer previously held, Thornton reported.

Each contract has a one-year base period with a guaranteed minimum value of $5, 000 as well as four one-year options, Federal News Radio stated.

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