Nevada Deferred Compensation Fund, Carson City, might replace the Hartford Advisers fund as an investment option in its $260 million 457 plan because of performance, said Rob Easton, trustee. Participants have committed a total of $26 million to the fund, but trustees are concerned about its three- and five-year returns, Mr. Easton said. Trustees will review a shortlist of other balanced funds in September. Segal Advisors will assist. Thomasin Mullen, Hartford spokeswoman, did not respond to a request for comment by press time.
The plan offers 22 investment options through bundled provider Hartford and 20 options through the plan's other provider, ING.