Rollins College, Winter Park, Fla., hired Voya Financial as record keeper of its $178 million 403(b) plan, said Jennifer Addleman, director of benefits and well-being.
The college issued an RFP in July as a best practices measure.
Voya will become record keeper of the plan in May, Ms. Addleman said. The other finalists were AIG Retirement Services and TIAA-CREF.
Current record keeper Transamerica Retirement Solutions did rebid for the services, Ms. Addleman said.
The plan currently has 15 investment options and a self-directed brokerage option.