ING US Retirement business will continue as service provider for the County of San Bernardino Defined Contribution Retirement Program, pursuant to a two-year agreement.
The program comprises of plans namely 457(b) deferred compensation, 401(k) and 401(a) defined contribution, as well as a retirement medical trust (HRA) and 3121 plan for part-time employees.
Over $600m in assets are currently under administration and approximately 23,000 participants in the combined plans.
ING US Tax-Exempt Markets Retirement president Jamie Ohl said, "This extension is a testament to the strength of our nearly 20-year relationship, and the commitment we have to providing clients — including some of largest retirement systems in the country — with the integrated capabilities and competitive value they want for the long-term."
County employees will continue to access decision tools provided by ING US, in addition to communication and education programs aimed to engage and motivate employees.
ING US Investment Management will enable participants to access a wide range of investment options, including stable value and other offerings.