City of Los Angeles Board of Deferred Compensation narrowed a search...

City of Los Angeles Board of Deferred Compensation narrowed a search for an unbundled record keeper for its $1.1 billion 457 plan to five finalists, said Steven Montagna, management analyst. Finalists are incumbent National Deferred Compensation, Aetna, Fidelity, State Street Bank and Great-West Life & Annuity. Previously, the fund had two record keepers, but incumbent Hartford Life chose not to rebid, said Mr. Montagna. A decision is expected by February.