State of California-Savings Plus Program, Sacramento, hired Aon Hewitt as its new third-party administrator, effective Jan. 1, 2013, said Lynelle Jolley, spokeswoman for the Department of Personnel Administration and State Personnel Board, which administers the combined $8 billion 401(k), 401(a) and 457(b) plans.
The incumbent was Nationwide Retirement Solutions, Ms. Jolley said in an e-mail.
The Savings Plus Program will be adding investing and retirement income planning advice. Financial Engines will subadvise Aon Hewitt for the investment advisory services.
An RFP was issued April 2.
Consultant R.V. Kuhns & Associates assisted.
