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Pension Funds

Kentucky deferred comp board retains Nationwide as provider for 3 plans

Kentucky Public Employees' Deferred Compensation Authority, Frankfort, retained Nationwide as the exclusive provider for its 457(b), 401(k) and individual retirement account plans, confirmed an executive at the authority.

The three plans have a combined $3.1 billion in assets.

The board voted to extend the terms of Nationwide's contract for 10 years. It did not issue an RFP for these services.

"We're happy with their services," the executive said.

Nationwide was hired as the plan's exclusive provider in 2012, a Nationwide news release said.