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July 18, 2014 01:00 AM

Nevada 457 plan goes with ING as sole record keeper

Rob Kozlowski
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    Nevada Deferred Compensation Program, Carson City, hired ING U.S. Retirement Solutions as its sole record keeper, said Rob Boehmer, program coordinator.

    The $670 million 457 plan issued an RFP in March after the deferred compensation committee decided it wanted to go to a sole record keeper. The contracts of incumbents ING and MassMutual Financial will expire Dec. 31.

    MassMutual was a finalist along with Prudential Financial.

    ING’s new contract is scheduled to begin Jan. 1, 2015, pending successful contract negotiations, Mr. Boehmer said.

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