San Bernardino County (Calif.) has extended the contract of ING, the bundled provider for its 457 deferred compensation plan, and 401(k) and 401(a) defined contribution plans, with a combined $552 million in assets, confirmed David Wert, the county's public information officer.
The retirement program also includes a retirement medical trust plan and a 3121 deferred compensation plan for part-time employees, bringing the total retirement assets to $600 million.
The county originally hired ING for a five-year contract with an option to renew for two years following an RFP launched in 2008, said Emily Dawe, ING spokeswoman, in an e-mail. The county exercised the renewal option, with the new contract expiring on May 14, 2015.
