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 plan retained its incumbent domestic large-cap core equity manger after a search report presentation.
A senior managing director will be promoted to cfo following his departure.
He will work with medical and life science portfolio company leadership teams.
She previously served as a senior managing director in the office of the ceo.
The plan hired two managers for its evolving public markets portfolio