Kern County Deferred Compensation Commission, Bakersfield, Calif., is searching for a domestic midcap equity mutual fund to add as an investment option for its $204 million 457 plan, said Phil Franey, county treasurer, tax collector and plan administrator. The plan dropped the Strong Opportunity fund in December because of "changes to the fund family," Mr. Franey said. Trustees postponed selecting a replacement at that time because of the ongoing mutual fund trading scandal, he said. Trustees will choose the new fund at their annual review in July, with the change to take effect by October.
The plan offers 22 investment options. Advised Assets Group, subsidiary of bundled provider Great-West, is assisting.
