Kentucky Public Employees’ Deferred Compensation Authority - Stable Value Fund Discretionary Manager RFP

The Kentucky Public Employees’ Deferred Compensation Authority is seeking formal written proposals from financial organizations to provide stable value investment management services. The program includes a 457(b) plan, a 401(k) plan, and deemed IRAs. As of February 28, 2026, the program included 89,490 unique participants representing 104,986 accounts and $4.92 billion in total assets. Assets invested in the Fixed Contract Fund represented approximately $627 million of combined program assets.

To be eligible for selection, the financial organization must be an organization duly authorized to do business in the Commonwealth of Kentucky, and be (i) a registered investment adviser under the Investment Advisers Act of 1940, as amended; or (ii) a bank, as defined in that Act; or (iii) an insurance company qualified under the laws of more than one state to manage, acquire or dispose of assets of plans which meet the requirements for qualification under the Internal Revenue Code, governmental plans and eligible state deferred compensation plans.

Deadlines:

Submission of questions: April 2, 2026 (no later than 5:00 p.m. ET)

Submission of proposals: April 13, 2026 (no later than 5:00 p.m. ET)

Please click to view the full RFP and documents below:

RFP: Kentucky Deferred Compensation Stable Value Fund Manager Request for Proposal.docx

Exhibit 1: Investment Management Agreement

Exhibit 2: Current IMA with Guidelines

Exhibit 3: Fixed Contract Flows 2021-2025

Exhibit 4: PSC Standard Terms and Conditions

Exhibit 5: EEOC Affidavit

Exhibit 6: Bidder Affidavit

Exhibit 7: Resident Affidavit