Idaho Public Employee Retirement System, Boise, selected finalists in its search for a record keeper for its $595 million 401(k) plan, said spokesman Kelly Cross.
Xerox was named a finalist, along with Great-West Retirement Services and ING U.S. Retirement Solutions. The retirement system issued an RFP in January because of the pending expiration of current record keeper Xerox’s contract on Dec. 31.
PERSI’s evaluation team is hearing presentations this week; Mr. Cross said a decision could be made by mid-August.
Callan Associates is assisting.
