Phoenix City Deferred Compensation Trust hired Nationwide Retirement Solutions as administrator of the $494 million 457 plan, said Cathy Gleason, deputy budget and research director. Nationwide replaced ICMA, which was allowed to rebid, Ms. Gleason said. Plan officials are working with consultant Mercer Investment Consulting to develop a new fund lineup. It now offers 39 investment options, and officials expect to reduce that number, Ms. Gleason said. A final list is expected by the end of January.