The Florida Employees Deferred Compensation Plan is looking for five new investment providers and one participant-directed brokerage provider, Pensions & Investments reports. The 457 (b) plan is seeking a diversified set of investment options from each provider, which includes domestic and international equity funds, active and passive, fixed-income funds and target-date funds.
Current providers Great-West Retirement Services, ING North America Insurance, Nationwide Retirement Services, T Rowe Price and VALIC and participant-directed brokerage provider Charles Schwab can also rebid. The $2.6 billion plan will start the new contract from January.
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