Napa County (Calif.) Deferred Compensation Committee rehired MassMutual Financial as record keeper for the county's $74 million 457 plan and $4 million 401(a) plan, said Vincent Galindo, senior consultant at Hyas Group, the committee's investment consultant, in an email.
The committee issued an RFP in December 2016. The other finalists were ICMA-RC, Lincoln Financial Group and VALIC.
Final approval by the county's board is scheduled for Dec. 5.
MassMutual will also provide record-keeping services for a Social Security alternative plan, which has $1.6 million, and an alternate payee plan with $33,000 in assets.
