Nevada Deferred Compensation Fund, Carson City, issued an RFP for two providers of bundled administrative services and unbundled investment management services for its $348 million 457 plan. The contracts of current providers Hartford Investment Management and ING Investment Management Americas expired Dec. 31, confirmed Brian Davie, chairman, and plan officials want to have new contracts in place by June 18. Both firms are invited to rebid. Hartford runs roughly $290 million for the fund and ING, $58 million. Under state law, the plan must solicit bids on the contracts every five years, Mr. Davie said.
Segal Advisors is assisting. The RFP is on the plans website at: http://purchasing.state.nv.us/odocs.htm. Proposals are due by 5 p.m. EDT April 20.