Marin County Deferred Compensation Program, San Rafael, Calif., has made Nationwide its sole bundled provider, pending contract negotiations, said Michael Smith, county treasurer. The $75 million 457 plan will terminate ICMA as its second provider, Mr. Smith said. The plan issued RFIs last quarter to both incumbents; officials wanted a single provider to reduce costs and ease administration, he said.
The plan currently offers 25 investment options. While some consolidation might occur, the final fund lineup has not been determined, he said.
Arnerich Massena assisted.