AIG Retirement Services currently serves as the plan’s record keeper.
The firm had been on watch since August 2021 due to underperformance.
The pilot program is expected to launch in mid-October and implementation is slated for January.
The plan committed $60 million total to two existing managers this month.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
The plan first hired Highclere International Investors in 2019.
The selected firm will serve an initial one-year term beginning Jan. 1.
The plan will consider hiring two new managers and signing new contracts with two existing managers next week.
The investment analyst will receive input and direction from the plan’s investment officers.