Maryland supplemental DC plans looking for consultant

Maryland Teachers & State Employees Supplemental Retirement Plans, Baltimore, is searching for a firm to provide investment and other plan consulting services, said executive director Michael Halpin in an email.

The reason for the search and whether incumbent Segal Marco Advisors can rebid could not be learned by press time. Mr. Halpin did not provide additional information by press time. The plans — a 401(k) plan, 401(a) plan, 403(b) plan and 457 plan — have combined assets of $3.5 billion.

The RFP is available on the plans’ website.

Proposals are due by 1 p.m. EDT on April 27. A timeline for a hiring decision could not immediately be learned.