WINDSOR, Conn., Nov. 5, 2012 /PRNewswire/ -- ING U.S. announced today that its Retirement business has been retained as the service provider for the County of San Bernardino Defined Contribution Retirement Program.
ING U.S.'s relationship with the County of San Bernardino -- the largest county by geographic size in the nation -- began in 1993 and has been extended pursuant to a two-year agreement. 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. There are over $600 million in assets under administration and approximately 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 commitment to advancing the retirement readiness of Americans, ING U.S. will continue to provide County employees with access to industry-leading decision tools, as well as award-winning communication and education programs designed to engage and motivate employees to save. Participants also have access to a wide range of investment options, including stable value and other offerings from ING's own asset manager, ING U.S. Investment Management.
"We're thrilled that the County of San Bernardino has continued to place its trust in our business and our people," said Jamie Ohl, president of Tax-Exempt Markets for ING U.S. Retirement. "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. We look forward to continuing to deliver outstanding services and solutions to help the employees of San Bernardino County achieve the financial security in retirement they expect and deserve."
ING U.S.'s Retirement business holds top-tier rankings in the defined contribution industry. It is one of the few providers that serves all types and sizes of customers, including corporate, government, healthcare, K-12 and higher education employers.
About ING U.S.
ING U.S. constitutes the U.S.-based retirement, investment and insurance operations of Netherlands-based ING Groep N.V. (NYSE: ING). In the U.S., the ING U.S. family of companies offers a comprehensive array of financial services to retail and institutional clients, including retirement plans, IRA rollovers and transfers, stable value, institutional investment management, mutual funds, alternative investments, life insurance, employee benefits, fixed and indexed annuities and financial planning. ING U.S. holds top-tier rankings in key U.S. markets and serves approximately 13 million customers across the nation. For more information, visit http://ing.us.
SOURCE ING U.S.