Pennsylvania 457 plan eyes administrator

Pennsylvania Deferred Compensation Program, Harrisburg, plans to search starting next month for an administrator for the $1.7 billion 457 plan, confirmed spokesman Robert Gentzel. The contract with its current administrator, Great-West Retirement Services, is set to expire on June 30. The contract will be for a four-year period, with the potential for a one-year bonus period, Mr. Gentzel added. The board for the $34 billion Pennsylvania State Employees Retirement System, Harrisburg, which oversees the plan, has not set a date for a selection.