Orange County (Calif.) Transportation Authority rehired Nationwide Financial as record keeper for its five defined contribution plans, said Georgia Martinez, senior contract administrator, in an e-mail.
The authority issued an RFP in January due to the expiration later this year of Nationwide’s contract; MassMutual Financial and Voya Retirement Services were the other finalists.
The plans — two 457 plans, two 401(a) plans and a 3121 FICA alternative plan — have combined assets of $101 million.
