New Hampshire Public Employees Deferred Compensation Plan, Concord, hired Great-West Retirement Services as bundled service provider of the $170 million 457 plan, confirmed Thomas Manning, chairman of New Hampshire’s Deferred Compensation Commission.
The 457 plan is scheduled to be transitioned to Great-West Retirement Services by Feb. 1.
ING U.S. Retirement Services is the current provider. An e-mailed statement from the company said ING hopes to have the chance to serve New Hampshire’s 457 customers again.
In an interview, Gregg Seller, Great-West senior vice president, government markets, said the firm would manage plan’s customized stable value fund, while working with investment consultant Segal Advisors on finding managers for its 15 other options.