Illinois State Board of Investment, Chicago, at its meeting Friday rehired T. Rowe Price as record keeper for the $4.1 billion Illinois State Employees’ Deferred Compensation Plan, Springfield.
The ISBI board voted unanimously to retain T. Rowe Price.
The rehiring was the result of an RFP issued by ISBI last December. ISBI oversees the 457 plan’s assets.
Marquette Associates, ISBI’s investment consultant, assisted in the search and recommended the rehiring.
Apart from its record-keeping services, T. Rowe Price manages $443.8 million in target-date funds and a $93.8 million core fixed-income fund for the plan.