California Savings Plus, Sacramento, issued RFPs for mutual fund managers to run the following investment options: active domestic large-cap value and core equity; active domestic midcap core equity; active domestic small-cap value equity; and a socially responsible fund, said Carrie Pierce, defined contribution plan program specialist. Contracts of managers who now run those funds for the $5.2 billion plan are due to expire in late 2005.
Currently, the Federated Stock Trust and American Century Income & Growth funds are used for the active domestic large-cap value option; the Accessor Small to Mid-Cap fund is used for domestic midcap core equity; the Franklin Balanced Sheet Investment fund is used for domestic small cap value equity; and the Domini Social Equity fund is used for the socially responsible option. All current managers can rebid. RFPs are due Jan. 31. Mercer is the consultant, and interested parties can call Mercer's bidder hotline at (916) 445-9007. The plan has 34 investment options.