ScholarShare Investment Board, Sacramento, Calif., is searching for an investment consultant for the state's $9.8 billion 529 plan.
The board is seeking a consultant to review and analyze the investment performance of program managers of the plan, and analyze and evaluate the asset allocation for the plan, according to an RFP on the board's website.
Whether current consultant Meketa Investment Group is invited to rebid could not be immediately learned. When the services were put up for bid in 2014, predecessor firm and incumbent Pension Consulting Alliance was rehired.
The plan has 13 actively managed investment options and five passively managed options.
The RFP is available on the board's website. Proposals are due at 4 p.m. PST on Feb. 28. A selection is scheduled for March 19.
Julio Martinez, executive director, could not be immediately reached to provide further information.
