Colorado Public Employees Retirement Association, Denver, will re-evaluate its service providers and consultants on a planned rotation, said Katie Kaufmanis, director of communications.
Every five years, officials will review the $23 billion pension plans global custodian, currently Northern Trust; its pension investment performance consultant, currently R.V. Kuhns; and its pension investment consultant, Mercer Investment Consulting. They will also review administrative services for the $730 million 401(k) plan (ADP is record keeper and the plan is self-administered) and its 401(k) compliance consultant, currently Mercer Human Resources, she said.
Money managers, risk managers and other providers will be evaluated every three years, she said.