Sunshine State Hires Hewitt for 401(a) RK Services

The Florida State Board of Administration (FSBA), has hired Hewitt Associates as recordkeeper for the FSBA’s $3.8-billion 401(a) retirement savings program.

A Hewitt news release said the five-year deal is effective January 1. Terms were not disclosed.

“We are pleased to begin this new relationship with the Florida SBA,” said Jay Rising, Hewitt’s president of HR outsourcing, in the release. “We look forward to serving this new set of participants and retirees with our enhanced set of retirement tools that consider the diverse needs of the plan population. Our relationship with the Florida SBA marks a new foray into serving state governments, and it’s one we will continue to pursue.”