Arkansas State University System, Little Rock, is searching for an investment consultant for its $400 million 403(b) plan, said Carol Barnhill, director of procurement services.
It is the first time the system is hiring an investment consultant, Ms. Barnhill said.
TIAA-CREF and VALIC are the plan’s record keepers.
The RFP is available on the university’s website. Proposals are due at 11 a.m. CDT on May 15. The system hopes to make a decision by the end of June.
