Ohio Public Employees Retirement System, Columbus, is searching for managers to offer the six investment options for its new 401(a) plan, scheduled to open to participants Jan. 1, 2003.
The active options will be: domestic fixed income, benchmarked to the Lehman Universal index; domestic large-cap equity, benchmarked to the Russell 1000 index; domestic small-cap equity, benchmarked to the Russell 2000 index; international equity, benchmarked to the MSCI All Country ex-U.S. index; and stable value. The passive option will be a domestic equity strategy benchmarked to the Russell 3000 index. All proposals fitting these parameters will be considered, said Roger Fox, investment manager of defined contribution plan.
The system projects the 401(a) plan will have $100 million in assets at the close of 2003.
Interested parties should contact consultant Callan Associates by March 22, Mr. Fox said. Additional details are available at the following websites: www.callan.com/client/ohiopers/ or www.opers.org.