The Nebraska State Investment Council, Lincoln, will review the investment options offered and education given by providers for its $700 million defined contribution plan during the first half of the year, said Rex Holsapple, state investment officer. Wilshire Associates will be assisting. In addition, the council hired T. Rowe Price to manage a stable value asset fund for the defined contribution plan. The firm will handle about $450 million in the fund that had been managed by the council, mainly in GICs.
Employees have the choice of putting their contributions in the stable value fund, a balanced fund or a growth fund; the latter two are managed by KPM Investment Management. Employer contributions are managed in GICs.