New Mexico Public Employees Retirement Association, Santa Fe, is recommending the board hire CliftonLarsonAllen as auditor for its $427 million deferred compensation program, said Joelle Mevi, chief investment officer, in an e-mail.
CliftonLarsonAllen is the incumbent. There was no RFP as the procurement of deferred compensation auditor is delegated to the plan's third-party administrator, Nationwide, which is subject to investment committee and board approval, Ms. Mevi wrote.
PERA also has a $13.4 billion defined benefit plan.
