State government 457 plans use an average of nine investment...

State government 457 plans use an average of nine investment providers, while local government 457 plans have an average of seven providers, according to a new NAGDCA survey. The National Association of Government Defined Contribution Administrators also found that the most popular investment option offered by state 457 plans is stable value funds, with 86% including them in their menu of investment options. Mutual funds are the most popular among local government plans, offered by 77% of those surveyed.