Alabama Deferred Compensation Plan, Montgomery, is searching for a record keeper and stable value manager, confirmed Peter Gulia, founder of Fiduciary Guidance Counsel, which is serving as the search consultant.
Incumbent record keeper Great-West Retirement Services is invited to rebid. Its contract expires at the end of the year. Great-West also currently has a stable value option for the plan.
The $447 million 457(b) plan is looking for bundled or unbundled providers. Firms can propose just a stable value option without bidding on record-keeping responsibilities. The plan is also accepting proposals to consider any other investment fund options and potentially investment advisory services, Mr. Gulia said.
“We want to consider the best stable value investment wherever it comes from,” Mr. Gulia said in a telephone interview.
The RFP is available by e-mailing Mr. Gulia at [email protected]. Proposals are due at 4 p.m. CDT March 28. A hiring decision is expected in late spring, Mr. Gulia said.
