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  2. DEFINED CONTRIBUTION
October 07, 2013 01:00 AM

Portland 457 plan sticks with ING for administration

Kevin Olsen
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    Portland (Ore.) Governmental 457(b) Plan rehired ING U.S. Retirement Services as third-party administrator for the deferred compensation plan, according to a contract notice posted on the city's website.

    Great-West Retirement Services, ICMA-RC and Nationwide Retirement Solutions were also finalists. An RFP was issued in February.

    The $400 million plan has 25 investment options in addition to a series of target-date funds.

    Jeanine Keller, deferred compensation administrator, did not provide additional information by press time.

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