City & County of San Francisco Deferred Compensation Plan hired Aetna as its semibundled provider. The retirement board of the San Francisco City & County Employees Retirement System, which oversees the $791 million 457 plan, also changed the investment options, said Clare M. Murphy, retirement system executive director. The board added a brokerage account because of participant requests, she said.
The major factors were improved performance, lower fees, enhanced education and greater access (to the service provider), asid Ms. Murphy.
The 20 investment options are Ariel Growth; Janus Twenty; Janus Aspen Series Flexible Income Portfolio; Janus Aspen Series Worldwide Portfolio; Janus Aspen Series Balanced Portfolio; Aetna Money Market VP; Aetna Bond VP; Aetna Balanced VP; Aetna Index Plus Large Cap VP; Aetna Growth VP; Aetna International VP; AIM VI Capital Appreciation; AIM VI Growth; Fidelity VIP Equity Income; PPI Scudder International Growth; PPI MFS Research Growth; PPI T. Rowe Price Growth Equity; Calvert Social Balanced; Lazard Small Cap and Aetna Ultimate brokerage account. Aetna replaces Hartford Life.