Los Angeles County Deferred Compensation and Thrift Plan, and its Savings Plan intend to issue an RFP for a stable value consultant for its $5.5 billion 457 plan and $1.5 billion 401(k) plan, said William Yuen, finance analyst.
As of Oct. 31, the deferred compensation plan had $2.6 billion in its stable income fund; the savings plan had $654 million in its stable value fund.
The contract of incumbent Mercer expires Dec. 31. The firm can rebid, Mr. Yuen said.
Further information can be obtained by contacting Mr. Yuen in the county's treasurer and tax collector's office at [email protected] or 213-974-6801.