The firm will see the retirement of one of five portfolio managers on its U.S. small-cap growth equity team at the end of June.
The plan will hire an additional firm in August as part of its multi-asset credit search.
The plan represents the consulting firm’s first Mass.-based client.
The plan’s incumbents manage more than $1.2 billion.
The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.
The search comes as the plan’s incumbent will see its contract expire this year.
The secure choice savings program was created in 2021.
The plan established a 2% allocation to the asset class earlier this year.
The plan hired a new manager for domestic large-cap growth equities during a meeting today.
The plan expects to commit $225 million total to real estate this year.