Indiana Deferred Compensation Plan, Indianapolis, selected Fidelity Investments and Lincoln National Life Insurance to jointly manage a stable value fund for its $475 million 457 and $16 million 401(a) funds, said Doris Anne Sadler, secretary of the deferred compensation committee and secretary of the plan. The selections are pending contract negotiations, expected to be completed in the next few weeks.
The stable value fund is the 11th and final investment choice selected in a major restructuring. Plan officials hope to roll out the new choices for participants in September.
Mercer Investment Consulting assisted.
