Florida State Board of Administration, Tallahassee, named Aon Hewitt and ING Institutional Plan Services as finalists in a record-keeper search for the $8.3 billion 401(a) Florida Retirement System Investment Plan, according to John Kuczwanski, FSBA communications manager.
A staff team plans to meet Dec. 6 to make a recommendation to Ashbel C. Williams Jr., FSBA executive director and chief investment officer, who will make the decision on hiring.
FSBA, which oversees a total of $169.8 billion in assets, including those of the 401(a) plan, initiated the search in September because the contract of incumbent Aon Hewitt expires Jan. 15.
R.V. Kuhns & Associates, an investment consultant to the FSBA, is assisting with the search.