University of Oklahoma seeks investment consultant for DC plans

Updated March 8, 2013

University of Oklahoma, Norman, is searching for an investment consultant for its four defined contribution plans, confirmed Nathan Baird, administrative manager in the university's purchasing department.

The plans — two 401(a) plans, a 457(b) and 403(b) — have a combined $1.5 billion in assets. Fidelity Investments and TIAA-CREF are the providers, and Fidelity is designated as the “master record keeper,” according to an RFP on the university’s website.

Incumbent R.V. Kuhns & Associates is invited to rebid. The university is looking for one consultant for all four plans, Mr. Baird said in an e-mail. The selected firm will work with the Retirement Plans Management Committee.

The RFP is available on the university's website. Proposals are due at 2 p.m. CDT March 28. A hiring decision has not been determined, but the contract is slated to start July 1.