Searches and Hires

Louisiana Registrar of Voters pension plan sticks with custodian, seeks administrator

Registrar of Voters Employees' Retirement System, Jennings, La., rehired Capital One as custodian, said Lorraine Dees, director.

The $75 million pension fund issued an RFP in May because it wanted a single bank to provide all custodial and related services. As of that time, Capital One provided custodial services for investments, while a small, local bank — The Bank — provided services for benefit payments and other operating expenses.

There were no other finalists.

Separately, the pension is relaunching its search for a third-party administrator, said Ms. Dees.

The pension fund originally issued an RFP in May with a July 1 deadline due to Ms. Dees' plans to retire soon. Ms. Dees said in a telephone interview that responses were insufficient so the board has chosen to reissue the RFP, and is primarily considering third-party administration firms to fulfill her current duties as director.

Proposals are due at 5 p.m. CDT on Oct. 20 with a decision expected shortly thereafter.

The RFP is available on the pension fund's website.