The plan agreed to stay with Wilshire as its general investment consultant after interviewing two other finalists yesterday.
SageView Advisory Group has served as investment consultant for the 457(b) deferred compensation plan since 2015.
The decision follows the plan’s review of 42 publicly traded shale oil and gas companies.
The plan disclosed recent commitments with four existing managers and one new manager at its board meeting today.
The new hire replaces Grant Hughes, who resigned last year.
T. Rowe Price Associates currently provides bundled services for the plan.
The search will be conducted as part of a real assets structure review, which was approved at today’s board meeting.
A Northwestern fund is expected to select a general investment consultant in May.
The plan made four private equity investments with existing managers last month.
A Virginia plan added two private equity commitments with existing managers.