St. Louis County hired Voya Financial as record keeper for its $154 million 457 plan, said John Tigert, senior procurement contract administrator, in an email.
The county issued an RFP in July because it had been many years since the services were put up for bid, Mr. Tigert said at the time.
Incumbent record keeper Prudential Financial was a finalist, along with AIG Retirement Services and Empower Retirement. Nationwide Financial, the other incumbent, also rebid for the services Mr. Tigert said.
Nationwide's lineup has 56 investment options with total assets of $35 million, while Prudential's lineup has 19 investment options with total assets of $119 million.
How the investment options lineup will change has yet to be determined.
