Fairfax County Public Schools, Falls Church, Va., hired Great-West Retirement Services and TIAA-CREF as bundled providers for its 403(b) plan, effective Jan. 1, confirmed Robert Liberto, senior vice president at Segal Advisors, the plan’s consultant.
The two firms will join VALIC, which was retained as provider.
The plan previously had 12 providers. Mr. Liberto did not have asset information on the plan.
Also, Great-West was hired as the sole bundled provider for the schools’ $49 million 457 plan through 2011.