ING U.S. and the County of San Bernardino Defined Contribution Retirement Program extended their relationship, which began in 1993, 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. will continue to provide County employees with access to decision tools, as well as 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.
“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.”
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