Lansing (Mich.) Board of Water & Light hired Nationwide Financial as third-party administrator for its two 401(a) plans and 457 plan, confirmed spokeswoman Amy Adamy.
The board issued an RFP in June because the contract of incumbent administrator ICMA-RC was set to expire on Dec. 31.
ICMA-RC did rebid for the services.
The three plans have combined assets of $332 million.
