Wisconsin Deferred Compensation Program, Madison, is considering issuing RFIs for a mutual-fund brokerage option for its $750 million fund, said Mary E. Willett, director-supplemental retirement plans.
The option would allow participants to choose something in the order of 150 or more mutual funds, but would not include individual stocks or bonds. The funds would not be monitored or evaluated by the board. The option would complement the 13 investment choices the program now offers and monitors.
The board could decide whether to issue the proposed RFI in May and could seek to have the option in place by the end of the year. The program is not using a consultant.