University of Alabama System, Tuscaloosa, rehired SageView Advisory Group as investment consultant for its defined contribution plans, according to an email from the system's human resources group.
The system issued an RFP in May due to the pending expiration of SageView Advisory's contract as well as for overall due diligence, an earlier email said at the time.
Finalist information was not provided.
The system's DC plans are the $2.8 billion University of Alabama System 403(b) plan, $160 million University of Alabama System 457(b) Deferred Compensation Plan, $123 million UAB Hospital Management LLC 403(b) Plan, and three other plans each with less than $4 million in assets.
