Massachusetts Deferred Compensation Plan, Boston, interviewed Wilshire, Watson Wyatt, Callan and Mercer in its search for a consultant; a decision will be made in September, said Michael Travaglini, first deputy treasurer. The new consultant will help the $3 billion 457 plan with the next phase of its reorganization: adding funds which may be style- or sector-specific to provide the plans 123,000 participants with additional investment choices, Mr. Travaglini said. The first stage was to get our core investment program in place. Thats been done. Now we contemplate two more tiers, he said. The plan also will add a self-directed brokerage window.
Mr. Travaglini said the additional options should be in place by the end of the year.