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New Mexico To Hire 457 Plan Administrator

New Mexico Public Employees’ Retirement Association is seeking to appoint a third-party administrator.

New Mexico Public Employees’ Retirement Association is seeking to appoint a third-party administrator, Pensions & Investments reports. The appointed administrator will offer administration, enrollment and record keeping for system’s $350 million 457 plan.

The administrator will also rebalance the pension fund’s six custom lifecycle portfolios. The proposals are due by April 19, while the finalists are expected to be chosen on May 3 with board selection expected on June 30.

Click here for the story from Pensions & Investments.

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