Stable Value
The plan currently has $64 million invested in stable value within its participant-directed plans.
The plan has begun its searches for a stable value fund manager and a record keeper.
The plan will soon issue RFPs for a stable value fund manager and a record keeper.
The plan last rehired Galliard Capital Management in 2017.
The plan, which eliminated target allocations and terminated a manager within its stable value fixed-income option today, will see its executive director depart on Dec. 2.
The plan is seeking a firm to provide investment management services for its stable value pooled trust fund.
The consultant will be responsible for the plan’s stable value fund.
The plan will consider swapping one target-date fund manager for Vanguard Group to cut costs.
The plan is conducting the search as it nears the end of a five-year contract term with its incumbent.
RFP expected in early to mid-April as plan nears the end of a five-year contract term with its incumbent.