County of Los Angeles Deferred Compensation Program is searching for an investment consultant to advise its 457 and 401(k) plans on their $2.3 billion in stable value investments, said Teresa Gee, administrator for the plans. Mercer Investment Consulting, the current stable value consultant to the $3.9 billion Deferred Compensation and Thrift Plan and $1.1 billion Savings Plan, will be invited to rebid, Ms. Gee said. Mercer's contract as stable value consultant expires Aug. 31 for the 401(k) plan and Dec. 31 for the 457 plan. The 457 plan has $1.9 billion invested in stable value options, and the 401(k) plan, $253 million. A selection is expected Aug. 4.