Nevada Deferred Compensation Fund, Carson City, hired ING Retirement Services as bundled provider for $25 million in 457 plan assets, and will retain Hartford as bundled provider for the remaining $190 million, said Robert B. Easton, chairman. State law requires the 457 plan to use two bundled providers, he said.
ING, which replaced ICMA, will offer 17 investment options, down from 30, he said. Hartford will trim its investment options to 17, from 50, he said.
The plan also added a self-directed brokerage account managed by Charles Schwab and online investment advice from mPower, he said.
Segal advised on the changes.