Massachusetts Deferred Compensation SMART Plan, Boston, is searching for one or more firms to provide investment consultant and glidepath oversight services for the $6.8 billion 457 plan, said a request for responses posted on the state's procurement website.
In addition to providing manager oversight, plan assessment and performance analysis, the selected firm or firms will “develop glidepaths for the plan's target-date funds using the underlying investment options currently available in the plan — excluding the mutual fund window,” the posting said.
It could not be learned by press time whether incumbent Hewitt EnnisKnupp can rebid.
The SMART plan has 17 investment options in addition to a series of target-date funds.
The RFR is available online on the state's procurement website. The deadline for responses is 5 p.m. July 31. A selection date was not specified.
Jon Carlisle, spokesman for the state's treasurer office, could not be reached by press time for additional information.