West Virginia Higher Education Policy Commission, Charleston, is searching for a general defined contribution plan consultant for the $3.6 billion Virginia Higher Education Retirement Plan.
The commission is seeking a firm to provide "professional retirement plan fiduciary consulting services" for the plan, which consists of a 401(a) plan, a frozen 403(b) plan and a voluntary 403(b) supplemental plan and a 457 deferred compensation plan.
The selected consultant will advise plan fiduciaries on plan administration, investment options, fiduciary reporting and compliance, legal and regulatory assistance, and benchmarking oversight, according to the RFP.
TIAA-CREF is the record keeper for the plan. The RFP does not disclose the name of the current consultant, if any, or whether the firm is invited to rebid.
The RFP is available on the commission's website. Proposals are due at 3 p.m. EDT on April 26. A timeline for a selection was not provided.
Commission officials could not be immediately reached for further information.