Ohio 529 plans looking for investment consultant

Ohio Tuition Trust Authority, Columbus, is searching for at least one investment consultant for the $4.9 billion Direct 529 Savings Plan and $4.5 billion Advisor 529 Savings Plan, spokeswoman Judith K. Cunningham said in an email.

The authority issued an RFP because the second five-year term of current consultant Wilshire Associates is expiring; the firm is invited to rebid.

Proposals are due on March 31. A decision is expected on May 18. A five-year contract, with an option for a five-year renewal, is scheduled to begin on July 1.

The RFP is available on the 529 plans’ website.