Los Angeles County Deferred Compensation Program is considering several options for the growth offering in its $483 million and $62 million 401(k) plans. It named Peregrine Capital, Seneca Capital and TCW as finalists for an active domestic large-cap growth equity portfolio that could replace the Putnam Investors Fund, which has been changed to core from growth, said Larry Uyeda, senior financial analyst. The plans would then keep the Putnam fund as their core option. Alternately, the programs administration committee might use a commingled trust created by Putnam for the growth option, he said. The administration committee also is considering other possibilities. No date has been set for a decision, and the committee is still interviewing candidates, he added.
Separately, the deferred compensation committee is investigating whether it will add a mutual fund window to the programs $2.5 billion 457 plan. It has not been determined when a decision will be made.