Connecticut Office of the State Comptroller, Hartford, is searching for a bundled provider, stable value manager and investment manager to create a custom target-date fund lineup for the state’s three defined contribution plans, an RFP posted on the office’s website said.
The current bundled provider is Voya Retirement Services, the current stable value fund manager is Voya Investment Management and the current target-date fund manager is Vanguard Group. Whether the firms can rebid could not be learned by press time.
The three DC plans are a $2.5 billion 457 plan, $1.1 billion money purchase plan, and $640 million 403(b) plan.
The RFP is available on the comptroller’s website. Proposals are due by 2:30 p.m. EST on Dec. 11. Selections are tentatively scheduled for March 2.
Doris Vieira, director of the administrative services division, referred questions to Natalie Braswell, assistant comptroller and general counsel, who was not available by press time.
