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