The Nebraska Public Employees Retirement System, Lincoln, hired Ameritas as record keeper for its $1.4 billion in combined defined contribution assets and its $85 million deferred compensation plan, according to a memo posted on the $10.8 billion system's website.
The memo, which details the results of a special meeting held Sept. 7, said plan officials voted to accept the offer of Union Bank & Trust to withdraw as record keeper no later than Sept. 30. Union Bank & Trust's contract with the plan took effect July 1, according to minutes of the system's July 17 meeting. Ameritas had been record keeper before Union Bank was hired.
Ameritas spokesman Scott Stuckey and a spokeswoman at Union Bank both referred questions to NPERS. Anna Sullivan, director for the fund, did not return a call requesting comment by press time.