Alabama Deferred Compensation Plan, Montgomery, named four finalists in its search for a record keeper, according to Peter Gulia, founder of Fiduciary Guidance Counsel, which is serving as the search consultant.
The $447 million 457 plan issued an RFP in February due to the pending expiration of current record keeper Great-West Retirement Services' contract on Dec. 31. Great-West rebid for the services and is one of the finalists along with Prudential Financial, TIAA-CREF and VALIC. The firms will be interviewed at a June 18 meeting.
The RFP also included a search for a stable value manager. Mr. Gulia wrote in an e-mail that there will not be interviews with finalists, and the 14 respondents are still in the running.
Both selections are expected in late June.
Kevin Olsen contributed to this story.
