Hawaii Deferred Compensation Fund, Honolulu, is reviewing the 12 investment options it offers in its $975 million 457 plan, said Sandi Yahiro, personnel management specialist. It currently offers mutual funds managed by Prudential, MetLife, Vanguard, Fidelity, Putnam and Delaware Investments. Mercer Investment Consulting will conduct the review; it should be completed by October, she said.
The plan also issued an RFP for a third-party administrator, which it does periodically; the fund has no complaints about incumbent Hawaii Benefits, Ms. Yahiro said. The last search was conducted in 1996. Fund officials expect to make a selection in November, she said.