Santa Clara County (Calif.) Deferred Compensation Plan hired ICMA...

Santa Clara County (Calif.) Deferred Compensation Plan hired ICMA Retirement as its bundled provider, effective July 1, said Jeff Bryson, chairman of the deferred compensation committee, which acts as the plan’s trustee. ICMA will offer 33 investment options and record keeping services, he said. The $400 million plan currently uses two investment providers, Washington Mutual Bank and Wells Fargo Bank. Also effective July 1, the Valley Transportation Authority Deferred Compensation Plan, Santa Clara, with more than $40 million in assets that are currently pooled with the Santa Clara County plan, will be managed and administered separately, Mr. Bryson said. Valley Transportation also hired ICMA as its bundled provider, he said.