North Shore-LIJ Health System, Great Neck, N.Y., selected Transamerica to serve as record keeper for its $3 billion employee defined contribution plans, confirmed Michael Odlum, vice president in the health system's treasury group.
MetLife served as record keeper for most of the system's 16 hospitals, while Transamerica was record keeper for two of them. System officials wanted to consolidate record-keeping services for its 403(b), 401(k) and 457(b) plans.
“We've worked with two of the primary hospitals, Lenox Hill and Staten Island University,” said Jason Crane, senior vice president and head of sales at Transamerica.
Funds available through the company's defined contribution plans include those from Vanguard Group, Harbor Capital Advisors, Edgewood Management, Dreyfus and Pacific Investment Management Co.
