Meredith Williams, CEO of the Kansas Public Employees’ Retirement System, is the Public Employees’ Retirement Association of Colorado board’s preferred candidate to replace PERA Executive Director Bob Scott, who is going into the private sector, according to PERA.
In other action, the Denver-based system will be adding new funds to its $433 million 401(k) plan, effective April 24. They are: Janus Fund, Janus Enterprise; MAS Mid-Cap Value; and Vanguard S&P 500 Index.
The current menu of funds includes PIMCO short-term bond and long-term bond; Dodge & Cox balanced; Fidelity Contrafund; Capital Guardian international stock; and an internally managed growth and income stock fund.
At the same time, PERA will move to daily valuation from monthly, provide online access to participants’ 401(k) accounts and reduce administrative fees. Fund management fees will increase to offset the costs of moving to daily valuation and to equalize expenses between the plan’s funds. Loan fees also will increase this month.
