Regional University System of Oklahoma, Oklahoma City, hired ING U.S. Retirement Solutions as bundled provider of its $150 million 403(b) plan, confirmed Beth Lott, benefits coordinator.
ING replaces Lincoln Financial Group. Ms. Lott said ING's fees were significantly lower than Lincoln's; in addition ING offers more communication and website capabilities.
Consultant Gallagher Benefit Services assisted the plan.
The transition to ING is expected to be completed by the end of March.