Oregon Investment Council seeks investment consultant for 457 plan

Oregon Investment Council, Tigard, has launched an RFP for an investment consultant for its $1.8 billion deferred compensation plan.

The consultant would provide investment and other advice for the Oregon Savings Growth Plan, a 457(b) plan. The plan offers a total of 10 equity and fixed-income investment options, a suite of target-date retirement funds and a self-directed brokerage account. Incumbent SageView Advisory is invited to rebid.

The RFP is available on the state's procurement website. Registration is required. Proposals are due May 19. Oregon officials expect to make a selection as early as June 7.