Arkansas Diamond Deferred Compensation Fund, Little Rock, hired CitiStreet as bundled provider of its $215 million 457 plan, said Ashli A. Davis, communications director. The plan replaced two bundled providers: Diversified Investment Advisors, which provided 17 options, and VALIC, which offered 45 options, she said. CitiStreet will maintain the previous options and add 21 more.
Officials at the plan, formerly called the Arkansas Deferred Compensation Fund, wanted a single bundled provider, a stronger education program and more mutual fund options, Ms. Davis said. Stephens Inc. advised.