New Mexico Education Trust Board, Santa Fe, is searching for an investment consultant for the New Mexico 529 College Savings Program.
The board issued an RFP due to the impending expiration of the contract of current consultant Meketa Investment Group, said Vera Lyons, procurement manager. The firm is eligible to rebid, she said.
Ascensus is the current program manager.
The program consists of two 529 college savings plans: the $1.9 billion adviser-sold Scholar's Edge Plan and the $643 million direct-sold Education Plan.
The RFP is available on the board's website. Proposals are due at 5 p.m. MDT on April 14. The board has set a tentative contract award date of June 4.