Maryland Teachers & State Employees Supplemental Retirement Plan, Baltimore, is considering whether to offer investment advice to its defined contribution participants. Staff of the $1.5 billion system, consisting of the state’s 457, 401(k), 403(b) and 401(a) retirement plans, will present trustees with an informal analysis of investment advice offered by other public retirement systems as well as a review of advice providers sometime in the fall, said Michael Halpin, deputy executive director.
Also, consultant Segal Advisors is reviewing the structure and investment options of all four defined contribution plans and will present its report by year-end, Mr. Halpin said.
