The new contracts replace two separate contracts currently held by Aon Hewitt and Mercer. The board oversees the Federal Thrift Savings Plan, which as of May 31 had $469.9 billion in asMercerand Mercer. The board oversees the Federal Thrift Savings Plan, which as of May 31 had $469.9 billion in assets.
The indefinite delivery/indefinite quantity investment consultant contracts for the four firms could last up to five years, based on services that will include investment policy evaluation and design; portfolio governance and portfolio manager evaluation; investment option review and evaluation; investment manager search; benchmarking and participant behavior; research on improving operation efficiency; and lifecycle fund asset allocation and glide path analysis, according to a FRTIB release.
Kim Weaver, director of external affairs for the Federal Retirement Thrift Investment Board, could not be reached by press time for further information.