Oregon University System, Portland, plans to search for an administrator for its $22 million 403(b) plan, said Denise Yunker, director of human resources.
Administration is currently handled internally by the system, which comprises seven state universities. The plan uses 17 investment managers and would like to scale that down to lower fees, Ms. Yunker said; she declined to identify the managers. The board would like the redesigned plan up and running by Jan. 1, she added.
The search will be conducted by the system board, and no RFP will be issued, Ms. Yunker said. Mercer Human Resource Consulting is assisting.