Ohio Public Employees Deferred Compensation Program, Columbus, is searching for a custodian.
The $15.4 billion 457 plan is searching for a firm to provide the plan with a master arrangement in which all trust fund assets are held in custody, said spokesman Josh King.
Currently, State Street Global Advisors provides custody services for the plan's white-label separate account options, while mutual fund and commingled fund options are held "in a fund-direct manner with the investment manager and/or agent," according to the RFP.
Ohio DC provides internal record-keeping services.
Consultant RVK is assisting with the search.
The RFP is available on the plan's website. Proposals are due at 5 p.m. EDT on April 7. A selection is expected sometime in August.
