San Bernardino renews option on ING as DC plans' bundled provider

San Bernardino County (Calif.) has extended the contract of ING, the bundled provider for its 457 deferred compensation plan, and 401(k) and 401(a) defined contribution plans, with a combined $552 million in assets, confirmed David Wert, the county's public information officer.

The retirement program also includes a retirement medical trust plan and a 3121 deferred compensation plan for part-time employees, bringing the total retirement assets to $600 million.

The county originally hired ING for a five-year contract with an option to renew for two years following an RFP launched in 2008, said Emily Dawe, ING spokeswoman, in an e-mail. The county exercised the renewal option, with the new contract expiring on May 14, 2015.