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.