Nevada Public Employees' Deferred Compensation Program, Carson City, will add the Sterling Capital Total Return Fund to the investment options lineup of its $1 billion 457 plan.
The program's committee approved the addition of the active intermediate-term fixed-income fund managed by Sterling Capital Management at its March 2 meeting, said Rob Boehmer, executive director.
The plan's investment consultant, Hyas Group, conducted a shortlist search because it had recommended adding an actively managed fund to the plan's fixed-income lineup. As of Dec. 31, the plan offered the Vanguard Total Bond Market Index Fund.
As of that same date, the plan had 11 individual investment options, a target-date fund lineup managed by Vanguard Group and a self-directed brokerage account. Voya Financial is the plan's record keeper.
