University of Nebraska wants consultant to review DC plans

University of Nebraska, Lincoln, is searching for a consultant to review its $3 billion 401(a) plan, $619 million 403(b) plan and $122 million 457 plan.

The university is seeking a consultant to evaluate the plans’ investments, record keepers, communication and education services and the plans’ governance structures, according to an RFP posted on the university’s purchasing website.

The plans’ record keepers are Fidelity Investments and TIAA-CREF. Whether a firm currently provides the consulting services was not known.

The RFP is posted on the university’s procurement website. Registration is required. Proposals are due at 2 p.m. CDT on Oct. 5. A timeline for a selection was not provided.

Lynn McAlpine, procurement systems coordinator, could not be immediately reached for further information.