West Virginia State Treasurer's Office, Charleston, is searching for an investment consultant for its two 529 plans.
The office is conducting a search because the contract of the current consultant will expire June 30, according to an RFP on its website.
The RFP does not disclose the name of the current consultant or whether the firm is invited to rebid. However, the last time the treasurer’s office issued an RFP for the services in 2020, NEPC was the incumbent consultant and was rehired.
West Virginia’s College Savings Program and Jumpstart Savings Program had $3.1 billion in combined assets as of June 30, according to its latest comprehensive annual financial report.
The RFP is available on the state treasurer's website. Proposals are due at 11:30 a.m. EDT on May 6. A timeline for a decision has yet to be determined.
Lee Bowling, director of procurement for the treasurer’s office, could not be immediately reached for further information.
