Nevada Deferred Compensation Fund, Carson City, will search for at least one provider for the $240 million 457 plan, said Robert B. Easton, chairman. The plan has two providers: ICMA, which provides 30 investment options; and Hartford Life, which provides 50 investment options, he said. The state requires the plan to solicit bids every five years, said Mr. Easton. An RFP should be issued by mid-May, with proposals due June 27 and a selection to be made by September, he said. Interested parties should contact Mr. Easton at (775) 888-7076. Segal Advisors is assisting.
Oklahoma County Employees' Retirement System, Oklahoma City, will search for a bundled provider for its $50 million 401(a) plan, said Melinda J. Colson, human resources director and county clerk. Incumbent Prudential will be invited to rebid when RFPs are issued in mid-May. The deadline for proposals probably will be at the end of June, and a selection is expected by October, she said. RFPs will be available online at www.oklahomacounty.org. The plan is not using a consultant. The plan wants to reduce costs and offer mutual funds to its participants, she said. It now offers 11 investment options.
Wayne State University, Detroit, is issuing an RFP for a consultant for its $147 million endowment, said Patricia R. Douglas, director of accounting. Evaluation Associates is the current consultant, she said; further details were not available. The fund's asset allocation is 68% equity and 32% fixed income.
Town of Greenwich Retirement System, Greenwich, Conn., may search this summer for a manager to oversee its new $7 million employees' post-retirement health benefits fund, said Ed Gomeau, town comptroller. The $300 million pension fund may handle the search internally.
Missouri State Employees' Retirement System, Jefferson City, is considering an allocation to private equity, said Gary W. Findlay, executive director of the $5.3 billion pension fund. Summit Strategies Group is assisting in a study, and a decision could be made by September, he added. The system has no private equity or venture capital investments now.
R.R. Donnelley & Sons Co., Chicago, is doing an asset allocation study for its $1.8 billion pension fund; it should be completed by the end of May, said Jenny Shackelford, manager-trust investments. Wurtz & Associates is assisting in the study. Ms. Shackelford said it is too early to anticipate any recommendations the study might make, but at this point she doesn't expect major changes. The fund's asset allocation is 70% domestic equity, 20% international equity and 10% fixed income.
North Dakota Public Employees' Retirement System, Bismarck, is undertaking an asset-liability study, to be conducted by SEI Investments. The $1.13 billion pension plan has 30% of assets in domestic large-cap stocks, 28% in domestic fixed income, 8% in domestic small-cap equity, 8% in international equity, 5% in emerging markets, 5% in high-yield fixed income, 5% in international fixed income, 5% in real estate, 5% in private equity and 1% in cash.
Miami Beach Pension Fund for Firefighters & Police Officers, Miami Beach, Fla. is conducting an asset allocation study of its $400 million pension plan, said Evelyn Fieldname, executive secretary. GRS Asset Consulting Group is conducting the study. Further details were not available by press time.
Freudenberg-NOK General Partnership is conducting a review of the 10 investment options in its $125 million 401(k) plan, said Sarah A. O'Hare, plan administrator. Officials want to ensure the plan has "the most comprehensive options possible," she said. Ms. O'Hare expects the review to be concluded by July.