ING U.S. Extends its Service Relationship with the State of Connecticut
WINDSOR, Conn., Feb. 25, 2013
WINDSOR, Conn., Feb. 25, 2013 /PRNewswire/ -- ING U.S. announced today that
its Retirement business has been retained as the exclusive third-party
administrator for the State of Connecticut Retirement Program.
ING U.S. has a long-standing relationship with Connecticut, which began in
1974. The program consists of a 457 deferred compensation plan and a 403(b)
defined contribution plan, as well as a 401(a) alternate retirement plan.
There are over $3 billion in assets under administration and approximately
55,000 participants in the combined plans.
As part of its commitment to advancing the retirement readiness of working
Americans, ING U.S. will continue to provide employees of the state with
access to industry-leading decision tools, as well as custom communication and
financial education programs designed to engage and motivate employees to
In addition, employees will have access to an expanded investment lineup,
which includes a selection of asset allocation portfolios that offer a
customized strategy designed to meet specific investor profiles.
"We're honored that the state of Connecticut 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 40-year relationship and the commitment we have to
providing clients with the integrated capabilities and competitive value they
want for the long-term. As a company with a significant history and presence
in this state, we look forward to continue supporting public employees in
Connecticut as they work towards building the readiness and financial security
they need for retirement."
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
businesses of Netherlands-based ING Groep N.V. (NYSE: ING). Through the ING
U.S. family of companies, we serve the financial needs of approximately 13
million individual and institutional customers with a comprehensive array of
products and services, 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. Our dedicated workforce of more than 7,000
employees is focused on ING U.S.'s mission to make a secure financial future
possible—one person, one family and one institution at a time. For more
information, visit http://ing.us.
SOURCE ING U.S.
Contact: Emily Dawe, ING, U.S., Office: +1-860-580-1750, Cell:
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