Nevada 457 plan goes with ING as sole record keeper

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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