Kentucky Public Employees' Deferred Compensation Authority, Frankfort, hired Callan Associates as investment consultant for its 457(b) and 401(k) plans with roughly $2.6 billion in assets combined, said Robert Brown, executive director.
An RFP was issued in January due to the June 30 contract expiration of incumbent consultant Mercer. Callan’s cost savings was cited as a reason for its selection.
Mercer rebid and was a finalist.
Nationwide Retirement Solutions is the plans’ record keeper.