Searches and Hires

Alabama Deferred Compensation seeks record keeper, stable value manager

457(b) plan also looking for investment advisory services for participants

Alabama Deferred Compensation Plan, Montgomery, is looking for a record keeper, stable value manager and participant investment advisory services for the $610 million 457(b) plan.

Fiduciary Guidance Counsel is assisting with the search.

The search is being conducted because "the plan's fiduciaries consider it prudent to search … for new services," said Peter Gulia, founder of Fiduciary Guidance, in an email.

The RFP said the proposals for the stable value manager can be separate.

Empower Retirement is the incumbent record keeper and stable value manager and is expected to rebid. It could not be learned whether there is an incumbent for the participant investment advisory services.

The RFP is available by emailing Mr. Gulia at Proposals are due by April 10. The plan will make selections by May 29.