Federal Retirement Thrift Investment Board, Washington, is seeking a fund manager for its $46.6 billion Small Cap Stock Index Investment Fund.
The so-called S Fund represents 12% of the $397 billion plan's assets. It was the best performing investment option in 2013, with a 38.35% return. It invests in U.S. stocks and tracks the Dow Jones U.S. Completion Total Stock Market index.
The fund is managed by BlackRock, which is eligible to rebid, said spokeswoman Kim Weaver in an e-mail. BlackRock manages all but one of the retirement plan's five investment funds.
The RFP is being issued as the current contract nears completion and should be awarded by the second half of the year. The new contract will be for one year, with four one-year options.
The RFP is available on the Federal Business Opportunities website.
Questions about the RFP are due by 3 p.m. EST Jan. 27 and bids are due by 3 p.m. EST Feb.10. The board expects to make a decision in March.