Target Date Funds
The plan is seeking an index fund suite that excludes China and Hong Kong from its construction.
The deferred compensation plan also hired a new target date fund provider at a meeting today.
The current target date fund provider handles $7.2 billion.
The plans are reviewing recommendations to replace three existing managers.
The plan will put more than $14 billion out for bid.
The plan’s incumbent managers were first hired in 2018.
The program is searching for administration, management and investment management services.
The plan replaced two existing managers in the fourth quarter due to underperformance.
The plan replaced its target date fund manager due to the firm’s underperformance.
The plan will soon issue RFPs for two investment consulting services providers.
