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The search is being conducted in anticipation of the Dec. 31 contract expiration of incumbent Nationwide Retirement Solutions.
The plan is looking to invest up to $175 million initially with the selected manager.
The plan disclosed two private equity commitments at a board meeting yesterday.
The search comes as the plan’s incumbent will see its contract expire this year.
The commitment represents a new relationship for the plan.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group after receiving an annual share class review in February.
The Caisse de Dépôt et Placement du Québec has hired Yana Watson Kakar as managing director and head of Americas.
Plan also expects to receive an international value equity manager search update form its consultant later this month.
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.
The secure choice savings program was created in 2021.