ING takes on San Bernardino DC program

By BenefitsPro

By Paula Aven Gladych

ING U.S. announced it will be the service provider for the County of San Bernardino Defined Contribution Retirement Program.

The company has been working with the county since 1993 and this new agreement extends that for an additional two years. The program consists of a 457(b) deferred compensation plan, 401(k) and 401(a) defined contribution plans, as well as a retirement medical trust plan (HRA) and a 3121 plan for part-time employees.

The plans have more than $600 million in assets under administration and about 23,000 participants in the combined plans.

“ING U.S. has provided exemplary service for these plans and our relationship continues to flourish due in part to the local, personalized attention we receive from the ING representatives based right here in the county,” said Andrew Lamberto, director of human resources for the County of San Bernardino. “We look forward to building on this successful foundation and implementing new services and strategies to help the many public employees of the County plan for and save towards a comfortable retirement.”

As part of its offerings, ING U.S. will continue to provide county employees with access to industry-leading decision tools and communication and education programs designed to engage and motivate employees to save. Participants also have a range of investment options, including stable value and other offerings from ING’s own asset manager, ING U.S. Investment Management.

ING U.S. constitutes the U.S.-based retirement, investment and insurance operations of Netherlands-based ING Groep N.V.

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