Nevada Public Employees’ Deferred Compensation Program, Carson City, is adding Vanguard Group’s domestic midcap value equity index fund to its investment options lineup, said Rob Boehmer, program coordinator.
The $749 million 457 plan conducted a shortlist search because it did not have an investment option for midcap value equity, Mr. Boehmer said. There were no finalist presentations.
The plan will add the option “as soon as administratively possible,” Mr. Boehmer said. The addition will give the plan 18 investment options, plus a target-date fund lineup, also managed by Vanguard Group.
Investment consultant Segal Marco Advisors assisted.