Deals & People January 12, 2010
ING Wins Minnesota Retirement Plan Business
ING Institutional Plan Services Group will be the administrator for
Minnesota's 457 deferred compensation
plan.
Reported by Rebecca Moore
ING also will provide administration for the State Health Care Savings Plan, the Unclassified Employees Retirement Plan, and the Hennepin County Supplemental Retirement Plan. According to a press release, ING will provide complete administration for all four plans, which have about 140,000 participants and $3.9 billion in assets.
Services will also include self-directed brokerage, online investment advice, and managed account services to participants in the 457 plan.