Plan also adopted a new asset allocation that includes a maiden target to private debt.
The plan has issued an RFP for record keeping and administration services.
Plan added a 5% target to private debt at the expense of emerging market debt.
The plan has restructured its core fixed-income portfolio as a result of the search.
The firm will cease investment operations on June 30.
Plan is seeking private lending managers to handle $60 million.
Plan’s investment committee named a winner after interviewing two finalists.
Plan rehired incumbent firm originally hired in 2017.
The new hire will oversee both administration and investment for the plan.
The search is for a manager to handle six index funds.