University of Central Arkansas casts net for DC plan consultant

University of Central Arkansas, Conway, is searching for an investment consultant for its regular 403(b) plan and supplemental plan with roughly $270 million in total assets, said Graham L. Gillis, associate vice president of human resources and risk management, in an email.

The university does not currently have an investment consultant.

“The regulatory landscape has changed and ... UCA decided it would be in our best interest to have a retirement plan consultant to help with the oversight of the plan, including fund selection and monitoring fund performance,” Mr. Gillis wrote on the reason for the search.

TIAA-CREF is the record keeper for the regular plan. TIAA and VALIC are record keepers for the supplemental plan.

The RFP is available on the university's website.

Proposals are due by 1:30 p.m. CST on March 2. A hiring decision is anticipated on March 31.