Lane County, Ore., hired ICMA-RC as third-party administrator for its $111 million 457 plan and $4 million 401(a) plan.
The county issued an RFP in October due to the pending expiration of the contract of current administrator TIAA-CREF. The firm did rebid for the services, said Mary P. Miller, benefits manager, in an email.
The other finalist was Prudential Financial. The hiring is pending final approval by the county board Feb. 25.
Investment consultant Hyas Group assisted.
