North Dakota Public Employees’ Retirement System, Bismarck, is conducting an asset allocation study for its $1.2 billion defined benefit plan. The system conducts a study every four to five years, said Sparb Collins, executive director. Consultant Segal Advisors is expected to present a report in May.
Separately, the system’s 457 and 401(a) plans, with $14 million in combined assets, expect to hire a consultant this month, after receiving about six proposals in response to an RFP issued earlier this year. Incumbent Segal’s contract expires soon.
