Minnesota State Colleges and Universities, St. Paul, is searching for an investment consultant for its two 401(a) plans and 403(b) plan.
The system of 37 state colleges and universities is seeking a firm to work as a 3(21) fiduciary to create and maintain investment options lineups, review investment selections and make recommendations for changes, said an RFP posted on the system's website.
The RFP does not disclose whether current consultant Aon Investments USA is eligible to rebid. The plans have a combined $1.6 billion in assets.
The RFP is available on the system's website. Proposals are due at 5 p.m. CDT on May 16. A selection is expected June 3.
Derek Hughes, system director for total rewards, could not be immediately reached for further information.
